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Liquidation Sale of Abbey Motel

12 Lorne Street, Melville

Hotel Motel Leisure
dollar

Tender

Floor area
820m2
Land area
2m2
Title type
Freehold
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Property details

Listing # 2316918 | Listed on 18 July

•Freehold land holding of 2,088sqm (more or less).
•Ample off street carparking
•10 accommodation units plus a 3-bedroom owners/managers unit
•Motel laundry facilities onsite

The Abbey Motel positioned on 2,088sqm (more or less) of prime land is being offered for sale by way of liquidation sale presenting a unique opportunity to secure a Motel positioned prominently next to Waikato and Braemar Hospital.

Whether you are an existing investor, a seasoned motelier, or a developer, the potential to unlock this excellent Hospital precinct landholding is abundant. Presented in a tidy condition with 10 units, compiled of 3 studio units, 6 one bedroom units and 1 two bedroom unit plus excellent off-street parking.

The large inner South city section is a bonus, ripe for multiple development options; just a short walk to one of the Southern Hemisphere’s largest hospitals and handy to beautify Hamilton Lake.

As a cornerstone in the ‘golden triangle’, and a region known for its busy sporting and corporate events calendar; Hamilton motels enjoy the benefits of a high occupancy due to visitor demand.

Very rarely do opportunities like this come along with such a sought-after location and large landholding.

Please contact a member of the project team to arrange a viewing of the property.

Asking Price ‘Tender’ Plus GST (if any)

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