Hotel Freehold Investment for Sale Nelson

Asking Price: $1,200,000 +GST
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Character hotel in good location for sale as Freehold Investment. Accommodation, restaurant brand opportunity, new lease, sports bar, owners accommodation. Hotel Freehold Investment for Sale Nelson

Hotel that caters for the budget tourist market which is seeing lots of growth year on year from the boom in tourism throughout New Zealand

Hotel Accommodation: There are 19 guest rooms offering twin/doubles with ensuites and shared facilities to cater for the budget tourist market.

Restaurant Brand Opportunity: The Restaurant area was originally a Cobb & Co. My vendors have been in talks with Cobb & Co and a smart hospitality professional has the opportunity to reopen the Restaurant to cater for the local family market in Nelson for casual dining and private functions that have fond memories of Cobb & Co as a family friendly restaurant in the past. Large kitchen area, well equipped with walk in cool room and a separate stewarding area, the layout is ideal for a la carte service and private catering for large numbers or alternatively create your own gastro pub concept.

Leasehold opportunity – new Lease: 10 year term with 1 x 10 year rights of renewal. Rent review every 2 years, Rent $140,000 + GST PA paid monthly and 100% outgoings.

Purchase price for the hotel leasehold $330,000 + GST if any + Stock

The Sports Bar has recently been upgraded to give it a fresh new look with new carpets & painting. The bar has a gaming room with 18 machines and generating $120,000 excluding GST PA. This covers the rent and ongoing capital upgrades to guest room and facilities for guests.

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