1/40 Rosedale Road, Albany, Auckland

Reputable national tenantStrong lease - 15 years (since 2019) with rights of renewalsNet rental income $1,190,675.37pa + GST and outgoings64 self-contained units with 64 car parks Bayleys are extremely proud to exclusively market this hotel property opportunity for sale at 40 Rosedale Road, Albany, Auckland. Strategically located in the high demand catchment of Albany, a key business and commercial hub on Auckland's North Shore. The property has close proximity to Westfield Albany, Massey University, North Harbour Stadium and AUT Millennium, ensuring consistent demand from business travelers, students, and sports teams.This property also enjoys easy access to State Highway 1 and major arterial roads, providing excellent connectivity to Auckland's CBD and beyond. Strong revenue by way of a long-term lease to a national hotel company who have just completed a full refurbishment of all 64 rooms and common areas. The hotel operating as a four-star hotel, featuring modern, self-contained suites suitable for both short and long-term stays. A 15 year secured long term lease (from 2019) with three rights of renewals of five years each, offering built-in fixed rental growth and market rent review every five years, making it an attractive investment for any astute investors!Call the Bayleys sole agents Wayne Keene +64 21 666 991 and Toer Li +64 21 110 8858 for further information and arrange viewings