Hotel investment returning $150,000 per annum


201-207 Palmerston Street, Westport

By Negotiation

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Hotel investment returning $150,000 per annum | 201-207 Palmerston Street, Westport | 552294 |      X Close
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Hotel investment returning $150,000 per annum


Located on a prime site the Westport Motor Hotel caters to domestic and international tourists and locals. The income is $150,000 +GST + outgoings with a lease in place to 2050.

In the last two years work has been completed on the buildings which are 67% of NBS and there has been refurbishment carried out at the same time. The zoning is commercial and the rating valuation is $2,160,000 (September 2016)

Set on a large 4231sqm of land, this tidy complex consists of 27 guest accommodation rooms, reception and lobby area, a house bar, a public bar, conference room, bottlestore, restaurant, a large commercial kitchen, and the usual back-of-house facilities.

The Westport Motor Hotel is an established and proven business with revenue streams from wholesale liquor, retail liquor, in-house dining, bar and wine sales, corporate conferences, overnight accommodation, casual diners, functions and special events and meetings. There is also Manager's accommodation on-site.

This is an impressive passive investment in the tourism sector.

Kate Mullins

Christchurch

Licensed under the REA Act 2008

Mobile: +64 27 248 8456
Office: +64 3 375 4700
kate.mullins@bayleys.co.nz
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201-207 Palmerston Street, Westport

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Kate Mullins

Christchurch

Licensed under the REA Act 2008

Mobile: +64 27 248 8456
Office: +64 3 375 4700
kate.mullins@bayleys.co.nz
View profile