Riwaka Hotel - Freehold Investment

627, Main Road, Riwaka, Tasman

Price On Application

Proposed Usage
Hotel & Leisure
Floor Area
640.00 m²
Land Area
13178.00 m²
Description:
Property ID
1bs96xg

The Riwaka Hotel is an iconic and historic hotel situated on a well traveled road to Kaiteriteri and the Abel Tasman National Park. The property is on two separate titles with a total area 13718sqm section (1.378ha). The vacant land title has 6584sqm (approximately). There are consented plans for an extensive campsite and campervan park, managers house and tilt slab storage units. The main hotel currently has a new tenancy Lease in place: with an initial term of 3 years, 1 right of renewal of 3 years and 2 rights of renewal of 4 years. Final expiry is January 2031. Rent $75,000pa paid monthly and 100% outgoings paid by the tenant.

*Boundary line in photo indicative only.

Freehold For Sale - $1,295,000 + GST.
Full Property Information Memorandum available upon request..

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Riwaka Area