34 Weld Street, Hokitika, Westland

Freehold hotel and motel investment

Positioned in the heart of Hokitika, this long-established hospitality asset — The Railway Hotel and Motel — offers a prime freehold (land and buildings) investment opportunity.

A cornerstone of the local hospitality scene for decades, The Railway operates daily and includes a main bar, 18 gaming machines, a function room, an on-site owner/manager's flat, and separate motel accommodation.

Hokitika is a key hub on the West Coast and a popular stop along the South Island's main tourist route. With continued Government investment in regional infrastructure and increasing visitor numbers, the township is seeing steady growth and revitalisation.

• Lease in place through to 2037
• Biennial rent reviews — next due May 2026
• Land area: 1,644sqm (held in two titles)
• Two-storey hotel plus a separate 9-unit motel
• Current rental income: $105,000 + GST per annum
• Outgoings fully covered by tenant
• Seismic rating: NBS 55%

Occupying a prominent corner site on the main street, overlooking the town clock, this high-profile property presents a strategic, income-generating opportunity — now available after eight years of ownership.

Price by Negotiation