33 Main Street, Greytown, South Wairarapa

Opportunity to Own an Iconic Piece of Greytown

Bayleys Real Estate is pleased to offer the Greytown Hotel 'Top Pub' (Building only) for sale as a tenanted investment - by Negotiation
Originally built in 1863 this iconic 545m2 heritage building with 2708m2 land area has been restored, extended and improved by the current owners in 2009 - you can now own this beautiful piece of history in 'as new' condition for considerably less than the investment made to bring it to its current condition.
The new business owners (Tony and Ursula) have made solid progress and re-vitalised the business offering in their first year and provide a solid tenanted investment income stream. They have a lease and rights of renewal until 2027 - rent reviews are market rate based.
When compared to comparable sales and RV there is the benefit of a potential 30% plus capital growth for potential purchasers.
For more information and a detailed property information memorandum, please contact the sole agent - Dave Wish at Bayleys.