The Essex Arms Hotel Huntly, Waikato, New Zealand Freehold Going Concern For Sale

ICONIC WAIKATO ART DECO HOTEL

Freehold Going Concern For Sale!

$3,000,000 plus SAV plus GST if any

Great opportunity for major capital growth!

The premises have just had an extensive face lift and rebuild to enhance the historic Art Deco ambiance. The refurbished premises provide a perfect solution for entertainment, conferencing and accommodation. There is a full commercial kitchen catering for functions for up to 120 people in the restaurant, plus a relaxing cafe, two bars, and an inviting garden bar. The gaming lounge has 18 poker machines and future developments may include TAB potential.

Accommodation consists of 20 new motel-type units sleeping from 2 to 8, with 2 units having facilities for the disabled. The variety of room configurations provides maximum flexibility.

All units have Sky TV, internet connections, telephone and tea making facilities with bar fridge and new bathrooms with hair dryers.

An enclosed courtyard provides a relaxation area, safe for children’s play. Secure guest car parking is adjacent to the accommodation.

There are substantial profits to be made at this iconic Waikato Hotel. A major new drawcard is about to come on stream at the Hampton Downs Raceway. This will see up to 80,000 people attending races, and racing teams requiring local accommodation for days at a time. With Huntly’s existing reputation as a speedway and stockcar venue, the Essex Arms could easily become the first choice of motorsport enthusiasts.

2 people could run the Hotel year round with part time staff assisting during functions and busy periods. Two bedroom owner/manager accommodation is included.

There is massive opportunity to add value here. All components of the business have substantial growth opportunities. There is also surplus land for potential future development.

The business is offered as a Freehold Going Concern. Vendor finance may be available to approved purchasers. The confidential income and gaming returns will be discussed with qualified potential purchasers.

Huntly is centrally located on State Highway 1 between New Zealand’s largest city Auckland (93km) and Hamilton (35km). Both cities offer international airports.

The town of 7,000 straddles the mighty Waikato River and is surrounded by rich farmland and beautiful lakes (many of them former open-pit mines), ideal for fishing, yachting and waterskiing.