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Copthorne Hotel and Resort Hokianga

$2,700,000

Freehold Investment Northland

ID: 1786

Waterfront 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

National Director | Central Auckland

M: +64 21 666 991

wayne[dot]keene[at]bayleys[dot]co[dot]nz

Wayne Keene

National Director | Central Auckland

Contact Agent

Wayne Keene

Mob: +64 21 666 991

Email: wayne[dot]keene[at]bayleys[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.

 

On offer is the Freehold Land & Buildings of Lot 11 comprising of 12 hotel rooms, plus the main building which comprises the restaurant, bar, conference room, swimming pool, reception and all associated back of house.

 

This building is the heartbeat of the complex and the main focal point of the hotel. All 12 rooms are approximately 36sqm in size with stunning views of the magnificent Hokianga Harbour.

 

The tenant is well experience in the hospitality industry and was granted a lease in December 2018 by the current freehold owners.

  • Term 20 years
  • Commenced 19 December 2018
  • Rent: $380,000 plus GST per annum
  • Rights of Renewal: 1 x 10 years
  • Final Expiry 18 December 2048
  • There is a maintenance fund incorporated in the lease equal to 2% of the annual rent.

 

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

 

All appointments strictly by prior arrangement only.

 

Call now for further details.

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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Print + Watchlist View Similar Listings
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Wayne Keene

Wayne Keene

National Director | Central Auckland

M: +64 21 666 991

wayne[dot]keene[at]bayleys[dot]co[dot]nz

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