Commercial land and Buildings, FHGC For Sale, Franz Josef, Westland, South Island, New Zealand
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| Property ID: | THL20-1077 |
| Property Type: | Motels, Bars, Restaurants, Cafes, Investment Opportunities, Development Opportunities, B&B Residential Opportunities |
| Sale Type: | Freehold Going Concern |
| Region: | West Coast |
| Address: | 70 Cron Street, Franz Josef, Westland, South Island, NZ |
| Price: | Offers around $1,500,000 + gst (if any) |
Tourism Business Broker
| Phone: | 03 310 7487 |
| Mobile: | 027 466 7930 |
| Email: | kevin@tourismproperties.com |
Commercial Land & Building FHGC For Sale
Motel Development Potential
Popular Tourist Destination - Franz Josef
This property presents several exciting opportunities to a purchaser:
1.The existing large modern building could be leased out to:
- Restaurant Operator
- Cafe/Bar operator
- Redeveloped as Commercial offices either downstairs or upstairs and
leased out
2.Build a motel complex utilising the existing building as reception and
owners/manager's residence
The property is located at 70 Cron Street - an area undergoing significant redevelopment with further commercial expansion planned.
The building consists of two floors with total floor area of 355m2 and is ideal for a variety of purposes (Restaurants, Cafe/Bar, Tourism etc). Currently an Indian Restaurant -" Priya" occupies most of the ground floor.There is also another office not currently used.The top floor consists of five rooms, two bathrooms, toilet and kitchen.
The total land area of 3771m2 provides the opportunity to develop the property further with plans for a 23 room motel complex being available with the purchase price.
The ground floor tenant - Priya Restaurant is part of an established restaurant chain on the West Coast (Hokitika, Greymouth & Westport) and enjoys a good reputation and has:
- 120 person seating capacity
- Additional outside seating
- Heatpumps
- Full commercial kitchen including a Chiller/Freezer & two ovens
The purchase price includes the Land & Building and the Indian Restaurant goodwill plus all plant and fittings which are all near new.
Motivated Vendor seeking offers around $1.5million + gst (if any)
Financials
Financial and supporting information can be accessed now from the downloads links. Note that files containing sensitive business information are password protected.
BUYERS: We would welcome your enquiry on the SALE of this opportunity, by contacting TOURISM BUSINESS BROKER Kevin Johnson either via this website www.tourismproperties.com or by telephoning 027 466 7930 or 03 310 7487 or email kevin@tourismproperties.com
Franz Josef is a small town in the West Coastof the South Island of New Zealand. Whataroa is 32 km to the north-east, and the township of Fox Glacier is 23 km to the south-west. tate Highway 6 runs through the town. The Waiho River runs from the Franz Josef Glacier to the south, through the town, and into the Tasman Sea to the north-west.
The population was 330 in the 2006 Census, an increase of 9 from 2001.
The town is named after the Franz Josef Glacier - itself named by Julius von Haast in honour of the Emperor of Austria Franz Josef 1 of Austria. The glacier's terminal face is 5 km from the town and its accessibility makes it a major tourist attraction and the reason many people visit Franz Josef. The town is 20 minutes walk from the Westland National Park.
