1,817SQM FREEHOLD | TWO TITLES | GREAT SOUTH ROAD FRONTAGE | APPROX. $300,000 NET INCOME
NAI Harcourts presents a rare opportunity to secure 1,817sqm of freehold land across two titles at 343 Great South Road and 60 East Street, Papakura.
KEY FEATURES
• 1,817sqm freehold land across two titles*
• Approx. $300,000 net income p.a. as advised by the vendor*
• 16-room motel/accommodation operation
• Can be sold vacant and repurposed, subject to agreement and approvals
• Great South Road frontage
• East Street access
• Mixed Housing Urban Zone*
• No goodwill consideration
• Strong land-banking potential
• Future improvement or development potential, subject to approvals
The property includes a 16-room motel/accommodation operation, providing an established income stream alongside significant underlying land value.
The vendors advise the property generates approximately $300,000 net income p.a. on average.* Some occupants stay for extended periods, with accommodation charged on a daily tariff and no residential tenancy agreements currently in place.
An established accommodation business with substantial land value and multiple future options - hold, improve, reposition or develop, subject to the necessary approvals.
Prominently positioned on Great South Road with East Street access, the property is close to Papakura town centre, SH1, public transport and local amenities.
Contact the sole agents for further information and inspection.
*Information including income, land area, zoning, accommodation use and occupancy arrangements is based on vendor information and available records and has not necessarily been independently verified. Purchasers should undertake their own due diligence. Any change of use or development is subject to Council and other required approvals.
