Established Hotel And Restaurant In Nadi For Sale

Business description

This is an opportunity to live in Paradise with an established business. This is a small jetpacker hotel on the road to Denerau in Nadi. It is fully licensed, sleeps up to 18 pax in two dormotories and two double rooms.

It is located on Commercially zoned Native land with 99 years starting in 2006.

It has a fully equipped kitchen, restaurant and bar and is rated number one on tripadvisor.

Looking to retire

Property information

Real Estate:

Lease

Lease terms:

99 year lease, yearly rental fee of about 500 USD. Lease commenced in 2006 so there is about 93 years left on the lease

Leasehold rent:

$500 per annum

Living accommodation:

If a buyer would like to live on the property they could easily live in the accommodatin or build a private accommodation below the existing one.

Location:

Prime location, on the road to Denarau island and 5 minutes from Nadi Town

Premises details:

The business is located on about 1/4 acre lot which has an old Colonial style cottage. The cottage has indoor dining. There is ample outdoor dining as well which is covered for protection from the rain. The outdoor eating areas and bar are the favorite places for guests to eat.

In the rear of the property there is one building which houses two dormitories and two double private rooms.

Planning consent:

Property is zoned commercial and the hotel is permitted in this use.

Business Operation

Expansion potential:

It is possible to build more private rooms or dormitory in the rear of the property below the existing accommodation building.

Competition / Market:

There are a few restaurants in Nadi Town. Most are on Denarau island but they are quite a bit more expensive.

Reasons for selling:

Retiring

Trading hours:

12pm to 9:30 pm

Employees:

Eight

Years established:

two

Other information

Support & training:

If requested training can be offered.

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$15,000 (included in the asking price)

Website:

Please click here to view the link