Listing #:1467944926

Inner City Living - Options, Options, Options!

Location: 86 Ulster Street, Whitiora, Hamilton, Waikato
Property use: Hotel/Leis­ure
Floor area: 1,000m2
Land area: 946m2
Viewing instructions: Contact the Sole Agents for viewing instructio­ns
Price: Enquiries over $4,500,000
Property ID#: FNI659
Parking: All 16 units have undercover parking
High-end motel OR rental accommodation OR owner-occupied inner-city apartment living

Originally part of a motel complex, the award-winning Clarion Suites currently operates as 16 individual, 50m², high-end studio apartments, each with a basement carpark and access to a gym and boardroom with a total gross income of approximately $300,000.00 per annum.

Built in 2014, the multimillion-dollar complex has environmentally friendly elements such as the collection of rainwater which is treated and circulated via a gas boiler to power heaters and towel rails, wastewater and groundwater are collected and used to irrigate gardens, low energy LED lighting and extra insulation have been installed, and solar panels are in place on the roof.

There is an opportunity to run the complex as a 15 room luxury motel with the 16th room set aside for manager's accommodation. There is a further opportunity to unit title each apartment and sell individually or, the status quo ie continue to operate as a high-end apartment complex. The location is perfect for out of town business reps who currently park on site and walk to appointments/meetings around Hamilton.

To talk through options or for further information contact the Sole Agents Graeme Espin on 027 244 9075 or Colin Jones on 021 972 500
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Enquiries over $4,500,000
86 Ulster Street, Whitiora, Hamilton, Waikato
Enquiries over $4,500,000
Listed: Wed 15 Nov, 10:17 am
Graeme Espin
Commercial and Industrial Consultants Ltd
  • Contact details
  •  (027) 2449075

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Graeme Espin
  •  (027) 2449075
Commercial and Industrial Consultants Ltd
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Expires: Tue 31 Jul, 7:08 am
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