179-183 Bright Street, Cobden, Grey

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.