Listing #:1339170097

TAIHAPE HOTEL/TAVERN INVESTMENT PROPERTY

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Location: 115-119 Hautapu Street, Taihape, Rangitikei­, Manawatu / Wanganui
Property use: Hotel/Leis­ure
Floor area: 1,730m2
Land area: 4048m2
Price: Enquiries over $375,000
$375,000 - Negotiable
This historic building is within your reach, for you to get into the shape you want
it, and you still have more than 9%ROI.
The hotel price has dramatically been reduced to allow the new owner to update
maintenance and upgrade the hotel.
The local history of the Hotel includes a Royal Visit by Queen Elizabeth II in 1953
It is centrally placed in Taihape and on State Highway 1.
It consists of 4048 sq m, including 1730 sq m improvements and a vacant section of
1012 sq m.
It caters for double room suites, studios and backpackers. The Tavern is well
equipped, and provides gaming, celebration and TAB facilities.
The hotel and tavern provide the townsfolk with entertainment and the rural
population with accommodation and special events.
There are many attractions in the Taihape region to entice visitors, such as:
Town events, national events (even Gumboot Day), Nature trails,
Proximity to the mountain and snow.
Bungee jumping and river rafting is available in the area.

The Hotel business has a long lease and will provide the owner an income of $50,000 per annum. At the purchase price, it represents a ROI of 13%. The upgrading and maintenance costs, if taken into account, should still provide in excess of 9% ROI

## See the HD Walk-Film of the hotel. Click the video arrow on the picture, or go to the https://www.youtube.com/embed/vaE53X2OIYs link to view.

Agency reference #: 17257626
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Enquiries over $375,000
115-119 Hautapu Street, Taihape, Rangitikei, Manawatu / Wanganui
Enquiries over $375,000
Listed: Fri 2 Jun, 10:00 am
Bruce Smit
Eves Victoria, (Licensed: REAA 2008)
  • Contact details
  •  (07) 8382039
  •  (021) 1445202

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Agent's details

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Bruce Smit
Eves Victoria, (Licensed: REAA 2008)
(07) 8382039
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Expires: Thu 29 Nov, 9:48 am
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