34 Haast-Jackson Bay Road Haast View map
Listing # 56301 Listed 26 Aug 2016
About this property
This is a unique opportunity to own an established and high-returning hotel property, four kilometres from Haast township on the West Coast.
The Heartland World Heritage Hotel, at Haast, sits on 3.21ha of freehold land at the intersection of State Highway 6 and the Haast-Jackson Bay Road. It features 54 recently-renovated rooms, The Frontier Café & bar, the Arawata Bar and Waitoto restaurant, along with a conference room and other amenities.
The property is being offered as a freehold going concern for $7,800,000 + GST, with a management contract in place to the nationally-renowned Scenic Hotel Group. The buyer has the option to continue the current management agreement with Scenic as a passive investment, or take over management of the hotel as an owner-operator.
Features: * 12% plus return p.a. forecast after management fees; * 3 Star Qualmark rating & managed by Scenic Hotel Group; * Extensive range of amenities including restaurant, cafe, bars, games room, conference & function facilities, ample on site car parking; * Land for further development; * Ability to take management in house (owner/operator); * 12% plus return p.a. for 2016 (GOP on asking price); * F&B offerings benefit from high volume of passing tour groups & FIT's; * 54 room hotel currently trading under the Heartland Brand;
* Data provided by National Broadband Map
Commercial for Sale Commercial Land
- 3.21 ha Land
- 3,410 m2 Floor