Ad ID: 57213

Accommodation and Hotel for Sale Nelson

Wakatu Hotel, with sports bar (with 18 gaming machines), spacious restaurant, 19 guest accommodation rooms, and a 5-bedroom Manager’s accommodation.

Business Description

Accommodation and Hotel for Sale Nelson

Wakatu Hotel is an iconic two-storeyed Nelson hotel on a highly visible central corner city site. The business has a sports bar (with 18 gaming machines), spacious restaurant, 19 guest accommodation rooms, and a 5-bedroom Manager’s accommodation, 2 – 3 rooms of which can be used for guest accommodation.

There is the opportunity for a new owner to promote the restaurant, perhaps even rebranding it to take full advantage of the facility offered. Wakatu Hotel is a strong performer, and a new operator can expect good continuing profitability from the operation. 

The business is secured with a long lease with reasonable rent, and pays a land rental to the Wakatu Trust.  The opportunity is also offered for a Purchaser to purchase the freehold buildings, and our freehold Vendor is prepared to assist with finance for this.

Nelson is a city of approximately 46,000 people located in the northwest of the South Island, in Tasman Bay, with an operational port. Famed for its high sunshine hours and climate which attract domestic travellers and tourists alike, Nelson is gateway to the famous Abel Tasman National Park (just an hour’s drive away), and Golden Bay.  The area is also noted for its arts and crafts stores and galleries, along with wineries, and beautiful beaches (e.g. Kaiteriteri).

Wakatu Hotel must appeal to a hotel operator, chef, or restauranteur who can seize the opportunity which is offered here, especially with the prospect of purchasing the freehold buildings for 1.2 Million under what we see as very favourable terms.  Enquire now!

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