Well known Freehold pub in Greymouth


179-183 Bright Street, Cobden

Asking Price NZD $270,000 + GST (if any)

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Well known Freehold pub in Greymouth | 179-183 Bright Street, Cobden | 5515950 |      X Close
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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

Christchurch

Licensed under the REA Act 2008

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179-183 Bright Street, Cobden

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Kate Mullins

Christchurch

Licensed under the REA Act 2008

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