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20 Peake Road, Cambridge, Waipa

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Podium Lodge


Podium Lodge presents a unique accommodation experience in Cambridge, inspired by the design of an Olympic Village. Perfect for sports teams, school groups, families, corporates, and independent travellers, this exceptional property is now available for sale as a freehold going concern or a freehold investment with a lease back to the current owners.

The property is on a level site of 4.6 acres (more or less) and has a floor area of 984sqm (approximately). Its prime location, just under 1km from the International Velodrome and 3km from Cambridge, positions it for continued growth in its already successful business endeavours.

Featuring 24 spacious studio apartments and six two-bedroom apartments, each with a kitchenette, Podium Lodge ensures guests enjoy the highest standard of comfort. Additionally, there is a dormitory with four rooms, two shared lounges, a large kitchen, and separate bathroom facilities. Large common areas, guest laundry, and undeveloped land complete this accommodation complex, one can only appreciate the true quality upon inspection.

Expressions of Interest
Wayne Keene

Wayne Keene


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Investment


Selling the freehold going concern or the freehold investment subject to a long term lease back to the current owners

Land Area


A level freehold site consisting of 1.88-hectares (more or less), development potential subject to council consents

Lease


If a lease is the preferred option, the rent is $467,800pa plus GST

Location


A stand out location approximately 1km from the International Velodrome and 3km from beautiful Cambridge town