About this business for sale in Far NorthHotel Freehold.
One of the oldest hotels in the country.
The hotel sits on a large site of 7,537 Sqm (approx 2 acres) in the main street.
Not only does this offer ample parking, but gives huge scope for future development of either more accommodation, or caravan or tourist camping facilities.
The surplus land can possibly be subdivided. A Scheme Plan has been done showing the creation of 2 lots of 1,700 sqm and 5,837 sqm.
There is the possibility to subdivide into more lots.
The vendor offers for sale the freehold land and buildings. Good long term lease in exists to a competent operator.
The property comprises of a sports bar, 9 room accommodation, 18 Gaming machines, TAB, Managers Flat, plus a franchised Super Liquor bottle outlet.
The vendor may assist with finance, or may trade up or down on any residential or commercial property located within New Zealand
For Sale By Negotiation
*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.