Freehold Investment Opportunity, Now For Sale, Near Whanganui

Fantastic Freehold Investment Opportunity Near Whanganui

New to the market, this freehold property is superbly located, just out of Whanganui. It presents a Land and Building opportunity that can be yours for only NZD $850,000 +GST (if any). It is only 34 kilometers (approx.) from Whanganui CBD, on SH3, going towards Hawera, South Taranaki. It is fully leased and is currently running as a Hotel and General Store operating under the trade name of Waitotara Store. The current business serves the great local community as well as visitors passing through, and also many hunting, fishing and car clubs that make it a destination in it’s own right, and it is essentially a monopoly business.

Land & Building Configuration:

• The hotel has total of 9 accommodation rooms, located on the 1st-floor
• 3 double rooms/ 3 single/1 twin rooms plus 2 rooms currently used for the owner accommodation.
• An additional small room used as Office plus shared bathrooms and toilets.
• Bar and restaurant facilities
• Function Room
• Dairy & general store
• NZ Post services
• Plus there is ample car parking

Reasons to buy now:

• Fully leased land & buildings, returning $52,000 per annum +GST (approx.)
• Well-established long-standing tenants for the last 12 years
• Freehold Investment opportunity (Business) 681m² more or less
• Total Land area: 6982m² more or less
• Plus there is further Development opportunity!

Here is a very rare opportunity to secure this multi-use property, fully- leased, with future development potential, on a busy State Highway, just 27 minutes (approx.) drive from Whanganui.

As a freehold investment, this presents an incredible opportunity, where you can get in front of the curve with guaranteed rental income until you’re ready to embark on some further development opportunity, subject to council consent.

ADDITIONAL PURCHASING OPPORTUNITY

It’s possible to secure the LAND, BUILDINGS, & BUSINESS now!

You can buy the Leasehold Interest Business for the additional asking price: NZD $220,000 +GST (If any) +SAV

For all the details on the Leasehold Interest Business (only) For Sale: CLICK HERE

If you’re after a lifestyle change, that allows you to live and work in an area far away from the hustle and bustle of city life, then contact me now. This is an opportunity you will not want to miss!

Don’t delay, register now or call Kamal, sole agent, for all the details now.

For more information or to arrange your private viewing, please contact specialist Accommodation Business Broker, Kamal Sharma, on 0220515782 or email kamal@tourismproperties.com.