Properties

Property ID: 4423 Floor Area: 427 Sq. M By Negotiation , , , Land Area: 1480 Sq. M ,

Te Aroha Building in Four Titles for Sale/Trade

Land area (more or less) – 1,480m2

Fee Simple Estate

Business Zone

The Main Building comprises two-storey Hotel building with Bars, 18 x Gaming machines, Kitchen, Lounge Bar/Dining Area, Basement, Cafe on the lower level and accommodation facilities above

The Storage Building is not used at present

The total floor area is approx. 896m2, it consists of:
The ground floor of approx. 469m2; and
The first floor of approx. 387m2 (12 bedrooms plus Manager’s accommodation); and
The basement of approx. 40m2

The service lane at the rear provides easy access to the loading bay and car parking at the rear

The smokers area provides a rear entrance to the hotel

This property of 32 metres street frontage is situated in the North part of the town’s commercial centre and forms part of State Highway 26 and as such has the benefit of having profile to higher volumes of passing traffic

The property is slightly elevated and has a corner location which forms part of a secondary route between Hamilton City and the Coromandel

Surrounding development comprises mainly a mixture of retail and office premises. These buildings vary in age but generally appear well maintained.

Current income is $100,000 p.a. + GST + OPEX