Urgent Sale Required. 16.67% Below Registered Valuation
Features:
- Approximate floor Area: 690m2
- Land size: 1,592m2
- Previously tenanted for $63,000 per annum plus GST, rates and insurance
- Selling with vacant possession
- Urgent sale due to poor health
- 75 King Street, Temuka
Perfectly situated on the main street of Temuka, with car park access to State Highway 1, the Royal Hotel has been extensively refurbished and is selling with vacant possession.
On the ground floor, the hotel includes a generous bar, restaurant/dining areas and fully equipped kitchen. Upstairs are 10 guest rooms, separate bathroom and shower facilities and a 3 room manager's residence.
With access from the rear of the property, the car park is substantial and offers potential for further development. Underpinned by its land value, this is an attractive investment opportunity in this growing lifestyle and agri-business region.
The vendor is keen to sell. Don't miss out. For more information please contact Peter Nash on 027 612 3464.
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