Riwaka Hotel - Freehold Investment


627 Main Road, Riwaka

Asking Price NZD $1,295,000 + GST (if any)

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Riwaka Hotel - Freehold Investment | 627 Main Road, Riwaka | 4001366 |      X Close
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Riwaka Hotel - Freehold Investment


The Riwaka Hotel is an iconic and historic hotel situated on a well traveled road to Kaiteriteri and the Abel Tasman National Park. The property is on two separate titles with a total area 13718m² section (1.378ha). The vacant land title has 6584m² (approximately). There are consented plans for an extensive campsite and campervan park, managers house and tilt slab storage units. The main hotel currently has a new tenancy Lease in place: with an initial term of 3 years, 1 right of renewal of 3 years and 2 rights of renewal of 4 years. Final expiry is January 2031. Rent $75,000pa paid monthly and 100% outgoings paid by the tenant.

*Boundary line in photo indicative only.

Freehold For Sale - $1,295,000 + GST.

Full Property Information Memorandum available upon request.

Gill Ireland

Nelson

Licensed under the REA Act 2008

Mobile: +64 22 184 2483
Office: +64 3 546 3576
gill.ireland@bayleys.co.nz
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627 Main Road, Riwaka

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Gill Ireland

Nelson

Licensed under the REA Act 2008

Mobile: +64 22 184 2483
Office: +64 3 546 3576
gill.ireland@bayleys.co.nz
View profile