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Cobden

179-183 Bright Street, Cobden, Grey

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330sqm Floor area
2,226sqm Land area SQM

Asking Price NZ$270,000 + GST

 (if any)

Well known Freehold pub in Greymouth


Kells Hotel is a well-known pub across the river from the center of Greymouth. Sitting on 2,226sqm of commercially zoned land our motivated vendors have decided it's time to sell the freehold.

With a lease in place to 2024 the annual income is $25,000 + GST and outgoings paid by the tenant. Kells sits across the road from the holiday park and is a popular spot for pool enthusiasts with a bar and gaming machines as well.

In summary:
•Tenure - Freehold
•Land area - three titles totaling 2,226sqm more or less
•Zoning - commercial
•Floor area - approximately 330sqm
•Rental income - $25,000 + GST and outgoings (insurance, rates etc)
•Next rent review September 2022
•Lease term expires September 2024
•Rating Valuation $265,000 (September 2018)
•Rates $4,731.16pa

This property represents an opportunity for existing hospitality operators, developers, builders, and land bankers.

Price by negotiation.

Visit https://www.propertyfiles.co.nz/property/5515950 or call the sole agent for more information on this opportunity.

Kate Mullins

Kate Mullins


Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Lease in place


finishing September 2024

Rating valuation


$265,000 as of September 2018

Tenure


Freehold