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Bartercard Property

FREE PHONE 0508 BARTER
0508 227 837
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Testimonials/Reviews

View our testimonials to see how business owners increase their profitability
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We had a fairly substantial amount of Bartercard Trade Dollars to spend and wanted to use most of them in the property market, after some consideration we decided to purchase a property that would provide income - not just long-term capital gain.

- Nikki Barrett
bartercard australia
 

Putaruru Hotel Tenanted - Real Estate Only


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RegionWaikato
Property TypeCommercial
Asking Price $570,000
Trade Dollars $120,000
Cash Dollars $450,000
Price Notes
21% Trade
Sold Date02/10/2017
RE AgentLuke Verschaffelt
07 838 3304 / 021 441 988
luke@nzcpb.co.nz
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Conditions
 
 Majestic Opportunity in Putaruru 
 
Location:



 
79 Princess Street
Putaruru
South Waikato
Waikato
Property use: Hotel/Leis­ure
Floor area: 2,490m2
Land area: 5,716m2
Rateable value (RV): $480,000
Price: Asking price $570,000
Property ID#: EWA881
 
This is a magnificent building on a substantial property in South Waikato.

The story goes that the building was built in the early 1950’s for the Queen
of England to stay on her visit to New Zealand for her coronation tour.

The Queen did not end up staying in the hotel although a room was
created for her and is still called the Queens room to this day.

The property is split into 2 tenancies with one being the public bar (which
has 18 gaming machines that earn the tenant a great income) and the
other being the restaurant accommodation and function rooms.

The rental is very achievable and the operator has extensive experience
which he is using to grow the business.

The building is on a large piece of land that has an abundance of parking.

Rental ($55k pa):
1. $25,000 + GST
Lease term of 6 years from 02.2017

2. $30,000 + GST
Lease term 3 years from 11.2016

Net return on asking price: 9.6%



Call Luke now on 021 441 988 for all the details.

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Cameron Owen

09 414 6837