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Copthorne Hotel and Resort Hokianga

$2,700,000

Freehold Investment Northland

ID: 1786

One half share of Freehold Investment

Property Name:
Copthorne Hotel and Resort Hokianga
Address:
334 State Highway 12, Hokianga
Property Type:
Hotel
Sale Type:
Freehold Investment
Price:
$2,700,000 
Region:
Northland
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Wayne Keene

Wayne Keene

Director | Central Auckland

M: +64 21 666 991

wayne[at]resortbrokers[dot]co[dot]nz

Wayne Keene

Director | Central Auckland

Contact Agent

Wayne Keene

Mob: +64 21 666 991

Phone: +64 9 369 9702

Email: wayne[at]resortbrokers[dot]co[dot]nz

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Copthorne Hotel and Resort Hokianga is located in Omapere, Northland, an approximate 3 and a half hours drive from Auckland.

Nearest Airport is Kerikeri which is just 83.9 km from the property.

This 4 star Qualmark hotel is an escape from the hustle and bustle of city life.

The hotel comprises of 33 units spread over three buildings, plus 10 luxury units operating under the name "The Heads".

 

On offer is a one-half share of Lot 11 comprising of 12 hotel rooms, plus the main building which comprises the restaurant, bar, conference room, swimming pool and associated back of house.

All 12 rooms are approximately 36m2 in size with stunning views of the magnificent Hokianga Harbour.

There is a good strong Lease in place.

Term commenced: 19 December 2018

Term: 20 years

Rent: $190,000 plus GST per annum

Rights of Renewal: 1 x 10 years

Final Expiry: 18 December 2048

There is a 2% maintenance fund incorporated in the lease.

The Hotel Business operates under the  Franchise of a well-known hotel company called MCK (Millenium, Copthorne, and Kingsgate Hotels) by a very experienced Lessee with a good profile.

All appointments strictly by prior arrangement only.

 

Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

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Wayne Keene

Wayne Keene

Director | Central Auckland

M: +64 21 666 991

wayne[at]resortbrokers[dot]co[dot]nz

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