96-100 Centennial Avenue, Alexandra, Central Otago

Freehold Hotel opportunity

Sitting on a commanding corner of a main thoroughfare, the Centennial Court Hotel is well known and well patronized Hotel offering guest accommodation, a licensed restaurant, a housebar, conference and meeting rooms to a wide range of clientele.

On a large 3,621sqm of land encompassing three titles the property returns a net rental of $240,000 + gst and outgoings per annum paid by the tenant. With the lease in place to 2043, this opportunity offers a sizeable investment and return with pro-active tenants who have operated the business since 2016.

There are 33 guest rooms with the conference room catering for up to 60 and the bar and restaurant is popular with locals and guests alike. Operators live on-site in the large and private four bedroom residence attached to the Hotel.
This is a prime investment for definite sale by owners looking to downsize their portfolio.