Page 67 Advertisements Column 5

Press, 12 September 1987, Page 67

Hotels for Sale HOTEL LEASE TURNOVER $17,000 per week Provincial city location for this recently upgraded property. Excellent potential for owner operator. New 10 year lease with option to purchase. Only $230,000 plus S.A.V. HOTELS & TAVERNS Excellent freehold and leasehold opportunities from SIOO,OOO. VOOnMXI «JOfwl WMOR, Tai (04) 733-4*3 or (04) 764-SOSa/hrs. HOTELS Buying, Selling, Leasing New Zealand wide Phone Keith Geary 790-246, a.h. 327-270 One of the country’s most experienced hotel brokers. , SgH HOTELS/TAVERNS CANTERBURY LEASEHOLDS available from *150,000, freeholds from *250,000, motor Inns available from *1.4 million. For advice/ Information regarding the hotel Industry ph. John Bentley 63-394 any time. SOUTH WA ISLAND P A MarELIJI BROKERS MREINZ [WRIGHTSON] WANAKA We sell motels, hotels, camping grounds, developments. Call us now Wanaka 8511 any time

MREINZ Grimmeiw Broker A N Z BLDG THE OCTAGON, DUNEDIN. PH. 775 070 LAKE TEKAPO HOTEL Acting on instructions from Dominion Breweries Ltd. we invite prospective buyers to register their interest in purchasing this freehold hotel premises. The hotel is being offered for sale free of tenancy and presents wonderful opportunities and scope for extensive development. LOCATION: Magnificently located on the main Southern Lakes tourist route, 250 km from Christchurch and 260 km from Queenstown. This prime 4982m2 site on the shores of Lake Tekapo has splendid, uninterrupted views of the Mt. Cook region and is within close proximity of the ski fields. CURRENTTRADING: The turnover for the past twelve months is approx. $500,000. DEVELOPMENT POTENTIAL: Unlimited expansion possibilities exist and concept plans have been prepared which may be made available to approved parties. There is significant potential as a tourist hotel combined with the need to upgrade the food and liquor facilities to meet the demands of the expanding Tekapo residential and holiday population. IMPROVEMENTS: The hotel presently comprises 7 guest bedrooms, 2 motel units, bar and dining room facilities together with the usual amenities. FURTHER DETAILS: Interested parties are requested to write to the Vendor's agent — Warwick Grimmer Ltd — who will provide further details and sale conditions. Written registration of interest must be in thehand of Warwick Grimmer Ltd by 4 p.m. September 15, 1987. WARWICK GRIMMER LTD HOTEL BROKERS & VALUERS P.O. BOX 10 DUNEDIN \