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EOI | Hotel Business and Buildings | Hamilton CBD
Listing: #EL05098
About this Business for sale in Hamilton
EOI | Hotel Business and Buildings | Hamilton CBDLocation, location, location!
LHGC - leasehold going concern.- hotel business plus demised buildings on leasehold land. This opportunity includes -
- Prime leasehold interest in the premises in Hamilton CBD comprising 4044m more or less
- The accommodation business VR Hotel and Hamilton City Inn
- Retail tenancy income from 17 tenants
This monster long term ground lease, extends through to 2137, providing a lifetime to consider redevelopment.
This dynamic investment offers proven hotel and tenancy incomes underpinning the choice to purchase and upscale, or potentially redevelop this large premium site. Scale, profitability, and room to grow for new owners presents significant options.
The hotel business is established / proven. The retail tenancies provide consistent income with little administration.
Expressions of Interest are invited.
Lindsay Sandes, +64 21 895 940, lindsay.sandes@linkbusiness.co.nz
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
*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.