For Sale

Property Description

Reasons to buy

  • Substantial 50 room hotel complex
  • High profile and convenient location
  • Long lease tenure – 33 years remaining
  • Mostly concrete construction
  • Convenient location – close to the CBD, shops, restaurants and bars for guest convenience
  • Impressive design and appearance “Trophy Investment”
  • Asking Price $7,500,000.00 (plus GST if any)
  • Rental $438,000.00 pa plus GST fully net

We are please to bring to the market for sale the Freehold Investment of this substantial property which sits in a prominent location facing Cobham Drive roundabout, a main arterial road through Hamilton City.

Ventura Inn and Suites is a three-level hotel with ample covered and uncovered car parking with features such as an internal lift, inground swimming pool and a feature high ceiling in the reception/dining area affording a positive sense of arrival.

Close to local businesses, Waikato Hospital, shops, bars and restaurants, the hotel is well placed for corporate, family and OTA guests.

Land size             2,474m² more or less

Floor area            2,386.48m² more or less (from historic valuation report as measured off plans)

Freehold hotel opportunities like this rarely come on to the market and with interest rates so low it makes this opportunity a must-see.

An attractive long-term investment.  For more detailed information please contact Chris Gollins on 021 422 227 or email [email protected]

For Sale by Deadline Treaty by 5pm Tuesday 17th December 2019

Gollins Commercial Limited are the sole agents in conjunction with;

Leanne Bate                       021 0350049       [email protected]

Gordon McGregor           021 998810         [email protected]

Resortbrokers.co.nz

Freehold Hotel Investment

23 Clarence Street, Hamilton

2,386.48 m²
Basic Details
Listing ID : 1233
Listing Type : For Sale
Land Area : 2,474 m²
Floor Area : 2,386.48 m²
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