Listing Ref: 767

Property Name: Essex Arms
Address: ,
Property Type: Taverns
Sale Type: Freehold Going Concern
Price: $3.2 million for the FHGC or $400,000 for the lease
Region: Waikato

Negotiable Vendor Will Finance or Trade

Features

Excellent position in main street with council car park out front. Fully fenced guest parking with security cameras at rear. Very little opposition with quality accommodation in the area and ideally placed for the new motor racing track at Hampton Downs. Benefit from 4 separate income streams or lease out the restaurant and bars.

Number of Rooms

20

Age

1929 – complete renovation 2008

Configuration

Café, 2 bars, garden bar, gaming lounge and rooms on ground floor. Large reception area and secure parking for 100 cars. Additional 5 rooms upstairs (not renovated).

Owner’s Accommodation

Spacious flat with large lounge and kitchen upstairs with balcony.

Lease Details

New lease with negotiable terms

Financials

Not available as trading less than 12 months

Approximate Yield

Income from gaming machines currently covers annual rental. This is a new growth business.

Contact

For further information about this opportunity please contact Lindsay Sandes on 021 895 940, lindsay@resortbrokers.co.nz