Bayleys is proud to present the Wellsford Hotel Portfolio - a substantial commercial landholding comprising five freehold titles with a combined land area of approximately 7,592sqm, returning $135,000 net per annum.
Anchored by the iconic Wellsford Hotel, this unique offering combines immediate holding income with significant underlying land value and future development potential. A key feature is the inclusion of approximately 4,240sqm of surplus commercial land across four separate freehold titles, providing flexibility for redevelopment, land banking, future sale, or strategic repositioning.
Investment Highlights
•Five freehold titles totalling approximately 7,592sqm
•Net rental return of $135,000 per annum
•Diversified income stream including established hotel and bottle store tenants
•Approximately 4,240sqm of excess commercial land
•Significant redevelopment and value-add potential
•Existing income while future plans are explored
•Combined Government Valuation of $3,747,000
•Strategic location on Auckland's northern growth corridor
The Wellsford Hotel underwent extensive refurbishment in 2017, presenting a well-established asset with minimal immediate capital expenditure requirements and future rental growth potential.
Positioned at the northern gateway to Auckland, Wellsford is poised to benefit from ongoing transport infrastructure investment and regional growth, enhancing long-term connectivity and investment appeal.
This is a rare opportunity to secure a large-scale commercial holding offering income, scale, flexibility, and multiple avenues for future capital growth.
Contact the sole agents today for further information.
Please note: The photographs used in this marketing material were taken in 2022 and may not reflect the current condition of the property. Purchasers should rely on their own inspections and enquiries.
