• 48 hotel superb rooms all furnished to very high standards, 4.5 star rated
•13 Studio rooms, 18 Executive pool rooms, 15 River view rooms, 2 Executive suites
•Large modern state of the art conference facilities, restaurant, swimming pool, gym, corporate hotel airline contracts in place
•Hotel building also has large commercial office space adjacent all on separate titles fully leased to blue chip tenants. Overall land area is 4,662sqm
This is an exciting hotel/commercial asset located in the heart of Gisborne City on the East Coast of New Zealand. Gisborne is renowned for its world class beaches, farms and vineyards.
The Emerald Hotel has an excellent occupancy of 86.07 % and ADR of NZ$218, performing on a level consistent with the other tourism properties located in the main centres of New Zealand.
This is a great investment, purchase the hotel and building as a going concern and manage the hotel yourself, or lease to your own operator. Diversified earnings make this a lower risk - earn income from the 12 other tenants who lease space within the units you will own, or choose to expand the hotel into commercial if desired in the future.
Annual lease income Hotel, commercial rental, office, car parks $1,051,000 plus GST
Hotel trading figures available on request subject to confidentiality agreement.