Freehold investment

24, Canterbury Street, Ashley, Waimakariri

By Negotiation

Proposed Usage
Hotel & Leisure
Floor Area
352.00 m²
Land Area
2481.00 m²
Description:
Property ID
1c1hqf4

A rare freehold investment opportunity well located in Ashley township which is a few minutes drive from Rangiora in North Canterbury. Positioned on a north facing corner site zoned rural, the land is in one title and covers 2481 square metres. The rating valuation is $460,000 and there is a lease in place to 2023 providing a rental return of $38, 604 + gst per annum.
The Ashley Hotel is a well supported North Canterbury community hub and offers the traditional refreshments, dining, accommodation and business owners living on-site. Complimented by a large car/truck park and outbuildings plus two self contained flats on the site. Sponsoring local sports teams, the Ashley Hotel is the club rooms for local fishing enthusiasts and also head quarters for the popular Pig Hunt each year. Recently work has been carried out on the exterior cladding plus the installation of new windows in the front of the building.
Please note. Floor area is taken from RPNZ and cannot be verified. The leasehold of this hotel can also be purchased - see Bayleys listing #553994 or contact the Agent for further information..

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Ashley Area