Prime Waterfront Private Hotel FHGC
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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.