Page 69 Advertisements Column 7

Press, 24 September 1988, Page 69

Hotels for Sale FREEHOLD COUNTRY HOTEL (CLOSE TO CHRISTCHURCH) LOCATED IN PROSPEROUS TOWNSHIP IMMACULATE CONDITION THROUGHOUT VENDOR RETIRING PRICED TO SELL AT $1.2 MILLION Details Ted Box, Hotel Broker, Neumann Prier Commercial, MREINZ. PH. 794-120. HOTEL OPPORTUNITY IDEAL family hotel lifestyle, southern lakes region, unique setting amidst New Zealand’s most popular fishing, hunting and recreation area. Walk to lake and jetty. Panoramic mountain views. Excellent business turning over in excess of $280,000 p.a. Leasehold for sale at only $115,000 (possible vendor finance). Details Ted Box, Neumann Prier Commercial, MREINZ, 794-120 a.h. 852-059. 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. MB HOTELS NELSON province, excel, position, accomm., bars, restaurants etc, t/o sl.3m. CANTERBURY, tourist area hotel, t/o exceeds slm, freehold sl.sm. SUBURBAN tavern, t/o $2.75m, price $2.3m. MOTOR INN, tourist route, high standard of accomm, restaurants etc., freehold or leasehold, t/o $1.76m. Also comprehensive range hotels, taverns, motor inns, and tourist licensed freeholds and leaseholds to offer. Rathie James MREINZ, 799596 a.h. 881-047. HOTELS/TAVERNS EXCELLENT OPPORTUNITIES WE are favoured to be able to offer some excellent purchasing options on behalf of genuine vendors. Now is the time to make that initial enquiry, in complete confidence, FREEHOLD SOUTH CANTERBURY - Excellent starter or semi retirement unit. Permanent material. Very good presentation. Country hotel serving large catchment including large rural town. Competitive asking $240,000 plus stock. CANTERBURY - Property of this type rarely available. Recent extensive upgrade. Major road location. Tavern offering bars, retail and food. Potential remains. Asking $BOO,OOO plus stock. WEST COAST - In a high and dry area of sun and surf. Well known Tavern very recently upgraded all round. Bars, food and some retail sales. T/O $530,000. Asking $445,000 plus stock. Be quick!! LEASEHOLD NELSON AREA — Good presentation, major road location. Unbelievable food potential. Two bars, garden bar and guest accom. Good lease. Asking $230,000 plus stock. CHRISTCHURCH - City Hotel, extensively upgraded from revenue. New lease. Food and entertainment potential. Asking $300,000 plus stock. Freehold available $950,000 with vendor finance available. CANTERBURY — First in will purchase. Adj. ski fields in rural town with tourrist and farming base. Hotel with post card presentation. Bars and food. Asking $500,000 plus stock. Good lease. WEST COAST - Modern Tavern. Extensive upgrade. Long lease. Ideal starter unit. T/O $300,000 p.a. High G.P. Asking $160,000 plus MARLBOROUGH — Coastal location. Large Hotel with restaurant, bars, accom and retail. In good condition all round. T/O’ $900,000 plus. Asking reduced to $375,000 plus stock for quick sale due to ill health. WEST COAST — Coastal location on major road north of Greymouth. Single bar Tavern with large restaurant and shop. Tourist and local revenue. Asking $130,000 plus stock. T/O $300,000 p.a. No cheaper start. For further details, or for a no obligation discussion about Hoteling in general, please telephone the Hotel specialist, Colin Jakeway, on (03) 663-394 ANYTIME, or write P.O. Box 13-674 Christchurch. Investments GILT-EDGE investment, 4 fully self-contained units returning in excess of $47,000 p.a. Excellent tenants, good term leases. Prime position in heart of Sydenham. Price $470,000 or near offer. Phone me today and be assured of a peace-of-mlnd investment. Phone Neill Shudrel, Wrightson Real Estate, 796521. INVESTMENT For a low deposit and possible vendor finance. Two fully commercial tenanted buildings zoned 1.3, Main Road situation, $lB,OOO net return (12V; per cent), bargain at $145,000, ph. 667-297 John Connelly, a.h. 229-334, D. J. Visser, MREINZ. INVESTMENT shop, shows 18 p.c. return nett. $36,000. phone 667-297. John Connelly, a.h. 229-334. D.J. Visser, MREINZ. INVESTMENT shop, shows 18 p.c. return nett. $36,000. phone 667-297. John Connelly, a.h. 229-334. D.J. Visser, MREINZ. INVESTOR required. $lOOO minimum required for new low overhead safe and potentially high return business, suit silent partner, flexible 3 to 5 hours per week. Original investment guaranteed. Apply “Press” P 7672, Private Bag, Chch.