Settlers Hotel, Whangarei - Freehold Going Concern For Sale

Property Name: Settlers Hotel
Address: 6 Hatea Drive, Whangarei
Property Type: Motel
Sale Type: Freehold Going Concern
Price:
Region: Northland

Features

Built in the late 60's this iconic property has served the local populace and travellers in fine style for nearly 30 years now.

Located on Hatea Drive it is within easy walking distance of Whangarei town centre and quaint, picturesque port area.

Visually appealing and constructed with permanent materials in the colonial style it is set behind expansive grounds with beautiful lawns and mature trees. Set back from the main road it exudes an air of tranquillity and traditional hospitality.

A warm, appealing interior environment is apparent as soon as the guest walks into the reception area. This opens to a substantial bar which is well patronised by locals and the Parahaki restaurant which caters for up to 120 diners. This provides an ideal conference facility for even larger groups. The separate Hatea conference room caters for 30 patrons in theatre style.

Accommodation is provided in 53 units on two levels, varying from a standard or superior studio through to family or executive studios.

Upgrading of the facilities is well underway with many units now conforming to ‘Comfort Inn' standards.

Guests can enjoy the nearby white sand beaches, with surfing and wonderful diving experience at the Poor Knights Islands.

The property is being offered as the Freehold Going Concern (land ;Buildings; Chattels & Business) and the asking price is supported by a very recent valuation.

This represents an outstanding opportunity for a motivated purchaser looking to take the property to another level.

Number of Rooms

53

Age

30 year

Configuration

The accommodation is split of two large two storey blocks. The front block consists of 28 double rooms and the rear block has 12 doubles, 7 singles and 6 suites. There is ample parking surrounding the accommodation.

A separate building housing the reception/administration; lounge area; meeting room; dining/convention room and licensed bar is conveniently located in the centre of both accommodation blocks. This entire block is single storey and is the hub of the complex.

Owner’s Accommodation

3 bedroom first floor accommodation adjoining the rear of the main block.

Financials

Details as to financial performance are available to qualified purchasers and upon signing a confidentiality agreement.

Vendor Finance

A significant first mortgage on very favourable terms can be made available to purchasers if required.

Contact

For further information about this opportunity please contact Michael Osborne, 0272 426 881, michael@resortbrokers.co.nz

Downloads

Confidentiality Agreement New Settlers.pdf (144.85 KB)