Albion Historic Pub Hotel Business For Sale

119 Hobson Street, Auckland Central

By Negotiation

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Albion Historic Pub Hotel Business For Sale | 119 Hobson Street, Auckland Central | 1688649 |      X Close

Albion Historic Pub Hotel Business For Sale

Auckland's iconic Albion hotel business is now being offered for sale. The Hotel was built in 1873 and is one of New Zealand's oldest standing historic Pub Hotels located in the heart of Auckland City.

Traditional kiwi hospitality at its best offering 5 levels of Hospitality boasting a 22 room central city budget hotel set over three of the floors, the Lower level and basement contain a licensed tavern, restaurant and function space. With an additional 18 machine gaming license and TAB/racing facilities the revenue streams are endless. The Freehold owners are currently in the process of strengthening, completely repainting and also re-roofing the exterior of the Hotel (due for completion in a few weeks time)

Ideally situated a stone throw from the much anticipated New Zealand International Convention Centre that is currently under construction and will be New Zealand's pre-eminent event venue when it opens mid 2020, drawing audiences from around the globe. This will be a truly world class facility with the design of the 32,000sqm NZICC, five-star, 300-room Horizon hotel, retail laneway linking Nelson and Hobson streets, and 1327 carparks under the NZICC.

This business now awaits a new owner with a vision who has the ability to operate multiple revenue streams to benefit from the new upgrade of the building plus the upside of the completion of the NZICC.

Within walking distance to the popular Queen St shops, Auckland's famous Viaduct Harbour, Auckland's transport hub (the main bus terminal is right opposite), Sky City Casino, Vector Arena, Aotea Performing Arts Centre, The Civic Theatre, Auckland's Town Hall, Aotea Square, Eden Park and the lovely St Matthews church.

•Licensed tavern

•18 machine gaming license

•Function space

•22 Hotel rooms

•Exterior upgrades

•Completion of NZICC due 2020

119 Hobson Street, Auckland Central

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