Fantastic Freehold Investment Opportunity Near Whanganui
New to the market, this freehold property is superbly located, just out of Whanganui. It presents a Land and Building opportunity that can be yours for only NZD $850,000 +GST (if any). It is only 34 kilometers (approx.) from Whanganui CBD, on SH3, going towards Hawera, South Taranaki. It is fully leased and is currently running as a Hotel and General Store operating under the trade name of Waitotara Store. The current business serves the great local community as well as visitors passing through, and also many hunting, fishing and car clubs that make it a destination in it’s own right, and it is essentially a monopoly business.
Land & Building Configuration:
· The hotel has total of 9 accommodation rooms, located on the 1st-floor
· 3 double rooms/ 3 single/1 twin rooms plus 2 rooms currently used for the owner accommodation.
· An additional small room used as Office plus shared bathrooms and toilets.
· Bar and restaurant facilities
· Function Room
· Dairy & general store
· NZ Post services
· Ample car parking
Reasons to buy now:
· Fully leased land & buildings, returning $52,000 per annum +GST (approx.)
· Well-established long-standing tenants for the last 12 years
· Freehold Investment opportunity (Business) 681m² more or less
· Total Land area: 6982m² more or less
Plus there is further Development opportunity!
Here is a very rare opportunity to secure this multi-use property, fully- leased, with future development potential, on a busy State Highway, just 27 minutes (approx.) drive from Whanganui.
As a freehold investment, this presents an incredible opportunity, where you can get in front of the curve with guaranteed rental income until you’re ready to embark on some further development opportunity, subject to council consent.
Additional purchasing opportunity
it’s possible to secure the land, buildings, & business now!
You can buy the Leasehold Interest Business for the additional asking price: NZD $220,000 +GST (If any) +SAV
For all the details on the Leasehold Interest Business (only) For Sale please see www.tourismproperties.com
If you’re after a lifestyle change, that allows you to live and work in an area far away from the hustle and bustle of city life, then contact me now. This is an opportunity you will not want to miss!
Don’t delay, register now or call Dilan, sole agent, for all the details now.
For more information or to arrange your private viewing, please contact specialist Accommodation Business Broker, Dilan De Silva
