320 & 334 Te Rapa Road, Te Rapa, Hamilton, Waikato

Set on a substantial 3,238sqm (more or less) freehold site, this former Ascot Motel presents an exceptional opportunity for astute investors, owner-occupiers, and developers seeking scale, visibility, and versatility in one of Hamilton’s most active growth corridors.   Strategically positioned on Te Rapa Road—a key arterial route with high traffic volumes and excellent connectivity, the property offers outstanding exposure and convenient access to local amenities, including supermarkets, shopping centres, transport links, and just minutes' drive from Hamilton CBD and The Base shopping centre. Its prime location ensures strong future demand, making it ideal for a range of uses such as visitor accommodation or future residential development (subject to consents).   The property comprises 11 accommodation units plus a standalone four-bedroom manager’s house. Units 1–6 and the manager’s house have been renovated, while Units 7–11 provide a blank canvas for refurbishment by the new owner. The generous land size and flexible layout offer multiple possibilities for value-add improvements.   For Sale by Deadline Private Treaty closing Thursday 9th October 2025 at 3:00pm (Unless sold prior). Purchase Price Plus GST (if any).

Features:

• Large 3,238sqm (more or less) freehold site
• Prime Te Rapa Road location, exposure on a major arterial route, close to CBD and The Base.
• 11 units plus 1 four-bedroom manager’s house (6 units and the manager’s house have been renovated)
• Low site coverage provides flexibility and long term potential

More information: https://www.colliers.co.nz/p-NZL67036188