Prime Waterfront Private Hotel FHGC

Manawatu

$11,500,000

Proposed Usage
Other Businesses for Sale
Description:
Property ID
1btdwld



One of New Zealand's trophy private hotels. The Waterfront Hotel and Salt restaurant on New Plymouth's waterfront is for sale. This is a rare opportunity to purchase a profitable and long established hotel and restaurant.

The three level complex comprises boutique hotel accommodation of 39 hotel suites and 3 executive apartments along with salt restaurant; function and bar as well as foyer, back office and service areas. Undercover parking is provided on the ground level.

The Waterfront Hotel is a popular corporate hotel and meeting venue because of its seaside ambience, waterfront location, award winning restaurant and easy access to CBD.

Hotel highlights:Freehold going concern yield approx.11.5%Site approx. 1.149m2 and hotel 3,384m2NBS 100% and Seismic Grade A42 executive suites and apartmentsMeeting/conference roomConsistent & profitable cash flowAward winning hotel and restaurant operationPrime waterfront locationTitle DP 313152, 51724, Zone 8A Multi use with commercial.

Lindsay Sandes, sole agent, invites your call to discuss this opportunity.

Reference: EL00506
Ref: EL00506
Timestamp: 20170622054509

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