For Sale - Westport Motor Hotel FHGC

Description

Property type: hotel, restaurant and bar complex

Location: Westport, New Zealand

Offers over: $2,000,000 plus GST if applicable

Property

Land area: more than 4,200 sqm

NBS rating: 67%

Vacant possession: available for main complex

Accommodation

Guest rooms: 27

Manager accommodation: two-bedroom apartment

Hospitality

Restaurant seating: approximately 80 to 100

Bar areas: three

Conference facilities: included

Parking

Secure off-street parks: 28

Existing income

On-site liquor store: tenanted

Lease income: established

Purchase options

Freehold investment: available

Indicative passive return: approximately 8%

Freehold going concern: available

Operator lease option: available

Growth

• Increase accommodation use
• Develop restaurant and bar trade
• Expand conference business
• Target contractor and corporate accommodation

Investment

Golden Visa eligibility: subject to qualifying investment rules