Art Deco Hotel New Major Redevelopment And Upgrade For Sale

Business description

Ideal opportunity to get in on the ground floor of the redeveloped business and take advantage of very significant recent investment by the owners.

Two bars plus an external garden bar, TAB, function capabilities and cafe plus a large gaming lounge with 18 gaming machines. This iconic Waikato Hotel on a main road position, is well located to maximise the benefits that are due to be created by the opening of the Hampton Downs Raceway, which is expected to draw up to 80,000 people attending races. Offered here is a leasehold interest with a potential 20 year lease for chattel value only. Possibility of vendor finance available to an approved purchaser. There is a massive opportunity to add value here. All components of the business have substantial areas where growth could be achieved. OPTIONAL EXTRA - Option of adjacent motel with self contained owners accommocation -.-.-. Accommodation is 20 quality new motel units plus budget accommodation. The Price of $275,000 include Bar and Motel.