Hospitality and accommodation with upside

1 Durham Avenue, Tamatea

Private Treaty

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Hospitality and accommodation with upside | 1 Durham Avenue, Tamatea | 2800961 |      X Close

Hospitality and accommodation with upside

Situated on a large, 1.511ha corner site this property is located on one of Napier's busiest suburban intersections and sits directly opposite the recently refurbished Tamatea Pak'n Save complex. This freehold going concern offers excellent future development opportunity in conjunction with high cash flow output today.

Home to Bev Ridges on York - a thriving hospitality and accommodation business enjoying multiple income streams from bar sales, gambling lounge and a 21 unit accommodation complex, this will suit owner operators or investment groups.

-Freehold going concern on large, high profile suburban corner

-Profitable hospitality and accommodation business with further growth potential

-A grade tenancy provides $87,000 plus GST p.a.

-Well positioned for future redevelopment in high growth area

Total land area: approx. 1.511ha

Total floor area: approx. 2,314sqm

Further information for the bar and accommodation business available upon request.

For Sale by Deadline Private Treaty (unless sold prior), 2pm, Friday 2nd November 2018

1 Durham Avenue, Tamatea

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