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*** SOLD ***
Offers Wanted.. Freehold Hotel (Real Estate only)
Listing: #15539
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About this Business for sale in Waikato
Offers Wanted.. Freehold Hotel (Real Estate only)This business will be sold as Real Estate only as per QV price or nearest offer. No goodwill asked. The full Purchase price will include all chattels to fully operate as a Hotel/ Restaurant/ Bar. The building needs some work. List of chattels, full LIM report available for serious interested parties. Full of potential and all offers over $550,000 considered. This historic building was used as a boarding house for gold miners in the early 1900's. There is still a lot more potential with space for 6 to 10 more (en-suite) rooms and the currently 10 finished rooms show the true potential it has. The hotel is fully operational as is with a recent overhaul in the kitchen as well as a new sprinkler system. All safety requirements are met and ready for operation. This town in the Waikato Surrounds is the perfect base for walkers and cyclists with purpose build mountain bike tracks, walking tracks and the Hauraki Rail Trail that was funded by the government and opened in 2012. Popular Mineral Spa and leisure pools are located in the domain next door, as well as the museum, the Geyser and several springs. The seller is highly motivated to retire and ready to negotiate. OFFERS WANTED The purchase is for the Real Estate only.
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This listing is no longer taking enquiries as it is SOLD
*Profit: 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.