WAIPAPAKAURI HOTEL FHGC FOR SALE UNDER $500 K

FREEHOLD GOING CONCERN HOTEL FOR UNDER $500 K – HUGE SITE – LOYAL LOCAL TRADE – 12 GAMING MACHINES – TAB – 2 BARS – POOL TABLES – LARGE KITCHEN – DINING LOUNGE – LARGE GARDEN BAR AREA – OWNERS ACCOMMODATION – 5 ACCOMMODATION SUITES, 3 WITH ENSUITES - ROOM TO EXPAND – SELLING UNDER CV OF $550K

There aren’t many opportunities around like this. For less than $500 K you get yourself a profitable Hotel on a main tourist route. There aren’t many places where you can buy a Freehold Going Concern for around the same price as a residential house.

But this is not just a house. It is a business with a long and well established trading history, fully chatteled, with loads of potential and plenty of loyal customers that can offer housing and income for many years to come for it’s new owners.

Sited on a very large section with a wealth of history, the Waipapakauri Hotel has:

• Main Public Bar
• Lounge Bar
• Gaming Area with 12 Gaming Machines
• TAB
• Pool Tables
• Very large Garden Bar Area
• Large Kitchen
• Dining Lounge
• Owners Accommodation
• 5 Accommodation Suites
• 3 With Ensuites
• Large (.9105 Ha approx 2 ¼ acres) section suitable RV’s or Campers
• 2 Other accommodation rooms, backpacker style

This is a large building on a large section, with plenty of potential. The Waipapakauri is a site rich in history, having been utilised as an air force base during World War 2. There is a tribute wall in the lounge bar with numerous photos dating back to that time.

The current owner has been operating this bar for 17 years. There is a real opportunity here for someone to step in and reap the rewards that would come from making some improvements. The building has areas where improvements can be made and that has been recognised in the asking price.

Sited on a main tourist route, there is real opportunity for tapping into the Tourism Trade by opening up the front and attracting drive by custom. There is a genuine opportunity to add value by improving the site, or to continue to operate it as is, it is entirely up to the new owners discretion.

For similar amounts to purchasing a leasehold, you can own your own Hotel on a freehold title, without the restrictions or rental payments that naturally are associated with leasehold interests. All that for less than it’s current CV.

Buyers

Contact Bob Mason - Business Broker 0221 839 430 or email bob@tourismproperties.com

We welcome your inspection of THE WAIPAPAKAURI HOTEL NEAR AWANUI, NORTHLAND NZ. Attempts to contact the business owner directly will not be appreciated.

WHAT TO DO NOW?

EASY AS… To request financial and other information about this great opportunity, follow this link HERE to our confidentially agreement registration page, then you can request access to the downloadable information by clicking the ‘Click Here to Request Full Access’ under the downloads section on the right hand column of this page. This will give you almost immediate access to the documentation we have on file, and any further information you require we will source for you.

If you can sleep in it, eat in it, drink in it or play in it, and it makes money, we sell it.