1,817SQM* FREEHOLD LAND | TWO TITLES | GREAT SOUTH ROAD FRONTAGE
NAI Harcourts presents a substantial 1,817sqm freehold landholding across two titles* at 343 Great South Road and 60 East Street, Papakura.
Combining an existing 16-room motel/accommodation configuration with significant underlying land, this is an opportunity to secure a strategic property with potential holding income today and longer-term development upside.
KEY FEATURES
• 1,817sqm landholding across two freehold titles*
• Existing 16-room motel/accommodation configuration
• Prominent Great South Road frontage
• Additional East Street access
• Mixed Housing Urban Zone*
• Potential holding-income opportunity, subject to due diligence
• No goodwill consideration
• Significant underlying land component
• Potential to renovate, reposition, repurpose or redevelop
• Future residential intensification potential, subject to planning and approvals
The existing accommodation improvements provide the potential to generate income while the underlying land is retained as a longer-term investment.
An astute purchaser could consider a number of strategies - from improving and repositioning the existing accommodation through to investigating alternative uses or future redevelopment.
With two titles, substantial land area and dual-street access, the property provides flexibility for investors, land-bankers and developers looking for a foothold in an established Papakura location.
A FLEXIBLE INVESTMENT STRATEGY
HOLD - Retain the existing accommodation and land-bank the property.
IMPROVE - Upgrade and reposition the existing accommodation offering.
REPURPOSE - Investigate alternative uses for the improvements and site.
DEVELOP - Explore longer-term redevelopment and residential opportunities, subject to planning, servicing, access, design and all required approvals.
This is an opportunity to acquire land with an existing accommodation component, rather than paying a premium for an established motel business.
For further information or to arrange an inspection, contact the sole agents today.
*All areas, zoning, existing use, accommodation configuration, consents, services, income potential and development opportunities are subject to the purchaser's own due diligence and all necessary Council and regulatory approvals. Prospective purchasers should obtain independent legal, planning, engineering and other professional advice.
