Mangakino Hotel - a lifestyle changer
The Mangakino Hotel is situated within a thriving community. Photo / Supplied
The Mangakino Hotel, accommodation business and more than 4000sq m of land are on the market for less than $1 million.
The hotel’s house bar recently closed but the complex at 55 Rangatira Drive still operates successful and has recently refurbished accommodation facilities, says Christine Stevens, the owner of Century 21 Stevens Realty.
“This is an opportunity for someone looking for a complete change; they can to own and run their own business, with a fantastic lifestyle.”
Stevens says the venue serves locals and travellers alike, being sited in a thriving community with many social, sport and hobby activities on offer.
“What’s more the site is completely freehold.”
Noting the average house price in Auckland is now over $1m, Stevens says $995,000 asking price represents, “a big bang for your buck”.
“Along with that, there’s a great opportunity to develop the hotel even further. The sale includes the 4059sq m freehold site, including buildings and existing business.
Recent renovations on the hotel, restaurant and accommodation block make the property even more suitable for private functions, weddings, conferences, meetings, and exhibitions.
“It comes with a commercial kitchen, large restaurant and lounge area that support the accommodation.
“There are nine guest rooms offering twin, double, triple, and family accommodation — all with their own shower and toilet.
“A large outdoor and partially covered garden bar separates but links the well set-up house bar which just needs some-one to kick it back into life.
“The alcohol licence runs to 2018 and there is also a former bottle store attached to the hotel.”
Stevens says the property also benefits from its main road location in the town and plenty of off-street parking.
She describes Mangakino as a quaint town built around hydro-electricity following World War II.
“Folk from all around New Zealand have discovered Mangakino, buying up many of the affordable former Ministry of Works two-bedroom cottages. There are new buildings, re-locatables and developments taking shape and it really is a good time to make those lifestyle changes,” says Stevens.
Mangakino has a permanent population of fewer than 1000 people. However, this is increasing as people move into the district for reasons including lifestyle, house prices, and leisure pursuits.
Mangakino has an area school, police, fire brigade and ambulance.
“It’s only a 40-minute drive to either Taupo or Rotorua, and only 20 minutes to Tokoroa. It’s just over an hour and a half to either Hamilton or the skifields and there is great freshwater fishing, boating, hunting, golfing, and cycle tracks.”
Stevens says the hotel would suit a people-person or couple.
“Buying it will without doubt be life changing for the owner and their family.
“Working for yourself in such a serene location would be food for the soul as they say.”