|
Our instructions are very clear – the Vendor quits and wants these properties sold! This creates a big opportunity for hotel operators and add value investors to secure the entirety of this prime Gisborne package or to choose one or more of the following options:
Option one: the Quality Emerald Hotel, a 4-star plus Qualmark rated Hotel and Conference Centre. Take over this operation and build income on New Zealand’s strong tourism growth. As part of this property are fully leased commercial offices providing an attractive rental return of $317,503 + GST and 96 carparks, some of which provide rental return from long term leases with the balance incorporated into the hotel operation.
Option two: three retail units, each on their own separate title. One is currently vacant, with two currently leased to long-standing tenants providing annual rentals of $13,086 + GST p.a. and $60,030 + GST p.a. providing affordable retail investment options. Buy one, two or all three.
Option three: either the ground or top floor character building, which sits largely as a bare shell following structural strengthening works, providing significant versatility for owner occupiers wanting a prime Gladstone Road position. |
