Hotel and Motel Freehold ,Hokitika

34, Weld Street, Hokitika, Westland

By Negotiation

Proposed Usage
Hotel & Leisure
Floor Area
1.00 m²
Property ID

Tenure : Freehold (land and buildings)
Income: $90,000 + GST per annum
Lease : In place to 2027

A rare opportunity to purchase a freehold investment on a high profile site in Hokitika. With a generous land area of 1644 square metres and operating as the well known Railway Hotel and Motels, a classic hospitality operation with bars, a dining room an outdoor courtyard, accommodation, an owners apartment, function room, TAB and gaming machines. The operator pays all outgoings ensuring this is a no fuss passive investment.

Rating Valuation dated 01 September 2014 is $930,000 (land value $440,000 and improvements $490,000)

The leasehold can also be purchased offering buyers the opportunity to purchase the freehold going concern - see listing ID #550578

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Hokitika Area