Iconic Hotel in the Heart of Nelson

Nelson

$325,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1bqfd7p

Looking for a lifestyle change?

This business presents a rare opportunity to own an iconic site in the heart of sunny Nelson! A true colonial pub established in 1845, the Wakatu Hotel is a well known sports bar, equipped with big screen TVs, a pool table, dart board, and 18 gaming machines, with a current net income in excess of $150k pa.

With 19 rooms of accommodation, and a 75 seat restaurant, this sale screams opportunity! The hotel and sports bar is popular with visiting sports teams, and group bookings, and in Nelson the second fastest growing region in the country the possibilities are endless.

With a four bedroom managers flat within the hotel, this would be ideal for someone wanting a lifestyle change, and a hospitality challenge. The food offering has never been the focus here, and a gastro pub or family friendly restaurant would complement the hotel perfectly.

The owners are open to selling the leasehold property with the business, so give us a call, as this business is priced to sell!


Price $325,000 including estimated stock value $8,000
.

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