Smart investment opportunity

19-25 York Terrace, Riverhead

By Negotiation

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Smart investment opportunity | 19-25 York Terrace, Riverhead | 1692561 |      X Close

Smart investment opportunity

The Riverhead is a historic, 160 year old original hotel/tavern with additional land for potential future resort hotel accommodation development of approx. 61 rooms.

The Riverhead boasts three extensively renovated and distinct operations that include:

- The Landing Restaurant

- The Portage Bar

- The Boat House Function Centre

- High Standard Managers Residence

- Consented Pontoon Jetty for guest landing by ferry

Plus the additional spare land to enhance the facility for a new Hotel.

With development land in the nearby Coatesville, Hobsonville, Westgate, Kumeu, Huapai area being highly sought after and with fast developing residential subdivisions in the area, this property will become a highly sought-after entertainment and hospitality resource. There is little accommodation within a 10km radius of The Riverhead facility so demand for accommodation on site will be appealing to hotel operators and developers.

This is a rare opportunity to purchase The Riverhead as an investment or freehold going-concern and or a joint venture opportunity with the existing owners. The Riverhead is located at 33 York Terrace, Riverhead, Auckland, New Zealand just a 20 minute drive from lively downtown Auckland via Freeways or uniquely by boat as the property sits on the water and has its own consented pontoon jetty. The property is held in two freehold land titles covering 5,131sqm. The current zoning allows for further redevelopment under the existing Business Town Centre Zone.

Recent housing and townhouse development, Hallertau Brewery, Riverhead Golf Course near, in or around Riverhead makes this area a very attractive investment proposition, especially with the additional land included with the sale of the subject property suggesting new opportunities for this site.

Bayleys Real Estate has been exclusively retained by The Riverhead (the vendor) to offer for sale The Riverhead and or the surrounding land by way of Private Treaty.

19-25 York Terrace, Riverhead

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