Alexandra, South Island

Freehold Hotel opportunity

SOLD

Business Description

Sitting on a commanding corner of a main thoroughfare, the Centennial Court Hotel is well known and well patronized Hotel offering guest accommodation, a licensed restaurant, a housebar, conference and meeting rooms to a wide range of clientele.

On a large 3,621sqm of land encompassing three titles the property returns a net rental of $240,000 + gst and outgoings per annum paid by the tenant. With the lease in place to 2043, this opportunity offers a sizeable investment and return with pro-active tenants who have operated the business since 2016.

There are 33 guest rooms with the conference room catering for up to 60 and the bar and restaurant is popular with locals and guests alike. Operators live on-site in the large and private four bedroom residence attached to the Hotel.

This is a prime investment for definite sale by owners looking to downsize their portfolio.

bayleys.co.nz/5517760

Business Summary

Complex Information

Marketing Agent
Kate Mullins
Kate Mullins

Gary Kirk
Gary Kirk

Key Investment Insights

- The Centennial Court Hotel is a well-known and well-patronized hotel located on a main thoroughfare.
- The property sits on a large 3,621sqm of land encompassing three titles.
- The hotel offers guest accommodation, a licensed restaurant, a housebar, conference and meeting rooms.
- The property has a net rental income of $240,000 + gst and outgoings per annum paid by the tenant.
- The lease is in place until 2043, providing a long-term investment opportunity.
- The current tenants have been operating the business since 2016 and are proactive.
- The hotel has 33 guest rooms and a conference room that can cater for up to 60 people.
- The bar and restaurant are popular with both locals and guests.
- The operators live on-site in a large and private four bedroom residence attached to the hotel.
- The property is being sold by owners looking to downsize their portfolio.
- The sale is being managed by Bayleys Real Estate.
- The listing can be found at bayleys.co.nz/5517760.
Listing location

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Hotels, Management Rights, Motels For Sale

You may also like

Flexible, Profitable, Iconic – Business Only Management Rights in Kangaroo Point
Exclusive Management Rights in Iconic Kangaroo Point
Jewel of the Southern Gold Coast - Prime Management Rights With $857k Net Profit
WATERFRONT MIDNORTH COAST FREEHOLD MOTEL WITH DA - 1027MF
Solid Income and Easy Permanent MR in Brisbane Southside
Hotel Lona – Fully Renovated Venue in Frankston's Entertainment Hub
Rare and exceptional Executive Motel in the heart of Ballarat | Resort Brokers ID : FH008721
Off the plan Management Rights in landmark Yarrabend Masterplan Proj. Net $900K+ | Resort Brokers ID : OTP008716
Stunning 18-room motel freehold with upside in a strong growth region! | Resort Brokers ID : FH008646
Acquire Newell Motor Inn: Prime Freehold with High Occupancy & Growth | Resort Brokers ID : FH008706
Charming Leasehold Motel - Prime location with growth potential | Resort Brokers ID : LH008727
Charming Freehold Going Concern Motel - Prime location with growth potential | Resort Brokers ID : FH008719
A Permanent Package – Central Southport!!
Sunshine Coast Hinterland Management Rights - No Competition, High Margin | Resort Brokers ID : MR008711
Permanent Caretaking and Letting!!!
An Unpolished Gem!!!
Great Cairns CBD Permanent
The Jewel in the Crown