Freehold investment - 17 years on the lease


34 Weld Street, Hokitika

Private Treaty

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Freehold investment - 17 years on the lease | 34 Weld Street, Hokitika | 5513036 |      X Close
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Freehold investment - 17 years on the lease


• Rental income per annum $100,000 + GST

• Zoning - Commercial Core Zone (Westland District Council)

• Rating valuation $1,050,000

• High profile site, enjoys two street frontages

• Block of nine motel units are accessed off Sewell Street

A classic West Coast investment, the Railway Hotel and Motel complex sits on a commanding corner site on the main street of Hokitika. The consistent business has six revenue streams with two bars, one restaurant, TAB, 18 gaming machines and the nine motel units next door plus owners accommodation upstairs. There has been a pub trading from this site for nearly 100 years so the business is well known and well supported and boasts the only TAB in town.

34 Weld Street, Hokitika

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