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Prime Waterfront Private Hotel FHGC
Listing: #EL00506
Lindsay Sandes
Broker | Auckland - Ellerslie
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About this Business for sale in New Plymouth
Prime Waterfront Private Hotel FHGCOne of New Zealand's trophy private hotels. The Waterfront Hotel and Salt restaurant on New Plymouth's waterfront is for sale. This is a rare opportunity to purchase a profitable and long established hotel and restaurant.
The three level complex comprises boutique hotel accommodation of 39 hotel suites and 3 executive apartments along with salt restaurant; function and bar as well as foyer, back office and service areas. Undercover parking is provided on the ground level.
The Waterfront Hotel is a popular corporate hotel and meeting venue because of its seaside ambience, waterfront location, award winning restaurant and easy access to CBD.
Hotel highlights:
- Freehold going concern yield approx.11.5%
- Site approx. 1.149m2 and hotel 3,384m2
- NBS 100% and Seismic Grade A
- 42 executive suites and apartments
- Meeting/conference room
- Consistent & profitable cash flow
- Award winning hotel and restaurant operation
- Prime waterfront location
- Title DP 313152, 51724, Zone 8A Multi use with commercial.
Lindsay Sandes, sole agent, invites your call to discuss this opportunity.
Reference: EL00506
*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.