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Description

Harbour View Hotel Raglan - Iconic blue chip, Free Hold Going Concern opportunity.

Located on the West Coast of New Zealand, 40 minutes drive from Hamilton; Raglan has become a top holiday destination both for New Zealanders and international visitors.

Voted New Zealand's best looking town by Lonely Planet and rated as having one of the best left hand surf breaks in the world.

The Harbour View Hotel is situated on the main street just 150 metres from the water on a large 1700m2 freehold block at the epicentre of the town and is a popular destination for both locals & tourists to relax.

The asking price of $6.55m represents an 8+% fully managed net return based on the previous financial year.....without taking into account any capital appreciation.

Double digit NP percentage growth over the previous 4-5 years has the forward looking profit projections pointing skyward - Make no mistake, this is a genuine buying opportunity and one that seldom becomes available.

Included is an award winning multi-faceted hospitality business with experienced long term managers in place has operated for 30+ years and boasts;

Three seperate bars: Veranda Bar, Sports Bar, Garden Bar Award-winning a la carte restaurant Hotel accommodation - 11 rooms TAB and 18 gaming machines. Exceptionally well maintained with favourable supplier agreements in place.

Sale Includes Land, Buildings & Business - FHGC Residential & Commercial Development Opportunities 2 0 1 5 CV of $4,560,000. Vendor Finance Available New Zealand Residency Opportunity

Would you like to discuss this opportunity further? Talk to Daniel Holloway on 021 933 533 or submit an enquiry.

Business For Sale, Hotel For Sale, Motel For Sale, Pub For Sale, Restaurant For Sale. NZ Residency. Business Opportunity. Investment Property, Commercial Investment Property. Residential Development Opportunity

Details

Attribute Value
Location Waikato, Waikato
District Waikato
Region Waikato
Agency reference # H278
Price Asking price: $6,550,000

Raglan Harbour View Hotel - Blue Chip Land, Buildings & High Cashflow Business

NZ's Most Iconic Hotel? Solid YOY NP Gains!

Asking price: $6,550,000

Listed: Mon 21st Jan, 8:03am
Seller located in Christchurch City, Canterbury
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About the seller

I
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imaginekithomes

Location
Christchurch City
Member since
Tuesday, 25 September 2018
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