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