Property listing ID: 912175
After 27 years of rock-solid returns, the time has come for the legendary Aladdin Motel to change hands - and this could be your moment. This isn't just another property; it's a rare dual-title gem currently generating strong cash flow with 9 income-producing motel units and a separate 2-level manager's residence featuring 3 bedrooms downstairs plus a handy office upstairs, complete with private garden and parking for 15 vehicles - all sitting pretty on a sprawling 2,024m² freehold block with 490m² overall floor area and 42.3m road frontage, perfect for future subdivision or redevelopment in one of the North Shore's hottest pockets. With Mixed Housing Urban zoning, the possibilities here are endless. Keep it as a high-cash-flow business, transform it into a rental powerhouse, or unlock its full potential with a smart redevelopment play - the choice is yours, and the upside is serious. Why This Property Stands Out • Location Doesn't Get Better - Smack bang in Totara Vale/Glenfield, just a stone's throw from Wairau Valley's buzzing hub - think PAK'nSAVE, Asian grocers, shopping malls, and top eateries. • Everything at Your Doorstep - You're seconds from Glenfield Mall, surrounded by cafes, public transport, and with State Highway 1 access just minutes away. City commute? Sorted. • Blue-Ribbon School Zone - Families will love being in-zone for Target Road School, Glenfield Intermediate, Wairau Intermediate, and the renowned Westlake Girls' High. • Play It Your Way - Hold and collect, upgrade and boost returns, or redevelop for maximum upside - this property bends to your strategy. Properties like this - in locations this good, with numbers this strong - don't come around often. Whether you're expanding your portfolio or making your first big move, this is the one you've been waiting for. Act fast - this won't last. Get in touch now to secure your slice of North Shore's best, where Smart Money Meets Smart Investing.
Listed by Barfoot & Thompson , Jessica Noh (Browns Bay) , Bruce Jiao (North Shore Commercial)