Sold $1,500,000
Description

Massive Property. $300K under RegVal. $1.5M.

Other Sold - Onehari Whangarei

Massive Freehold Land(over 6000 sqm) + 21 Room Hotel + 2 Bed Managers Unit + Restaurant & Bar + Conference Centre + Wedding venue + the pool + Cabana +  its own natural waterfall and a business(websites etc). The whole Dam Lot for $1.5M (this is mad-so cheap)
This property is not locked into any lease or management rights or any other rubbish, So massive options.

Registered Valuation from last year of $1.8M + a chattels valuation of another $225K

Price $1.5M +GST if any. Agents please ad your fee to this.

Flames International Hotel
8 Waverley St, Onerahi, Whangarei 0110
2 Hours & 15 Minutes drive from Down Town Auckland
http://www.flameshotel.co.nz
Land: 6,587m2
Buildings: 1,345m2

Option 1
Leave it as it is, but with some long-term security for both the staff and clients who have stopped making bookings because the property has been under mortgagee control for the last year.
Massive potential. In 2009 the business turned over almost $1m. Last year it was half that. It just need a smart person to turn it up.

Option 2
3 of the 21 rooms have kitchens. I would put kitchens in to the other 18 rooms and run it as 21 apartments rented out long team. Rent would be $170-190per week. This would bring in $190k p/a
Then I would rent/lease the Restaurant & Bar and Conference Center out. $50k p/a Minimum (And some one will paid for the lease as it is so well set up.

Option 3
There is a concept plan to turn it into a 70 Rooms Hotel & Conference center.

Option 4.
Sell the Management Rights, lease it to the Managers and live off the lease income.

Option 5.
Close it down and use it as your own personal resort 😉

Property Features
  • Other
  • 21 rooms
  • Pool
  • Land is 6587 m²
  • Floor Area is 1345 m²
Sold $1,500,000
Description

Massive Property. $300K under RegVal. $1.5M.

Other Sold - Onehari Whangarei

Massive Freehold Land(over 6000 sqm) + 21 Room Hotel + 2 Bed Managers Unit + Restaurant & Bar + Conference Centre + Wedding venue + the pool + Cabana +  its own natural waterfall and a business(websites etc). The whole Dam Lot for $1.5M (this is mad-so cheap)
This property is not locked into any lease or management rights or any other rubbish, So massive options.

Registered Valuation from last year of $1.8M + a chattels valuation of another $225K

Price $1.5M +GST if any. Agents please ad your fee to this.

Flames International Hotel
8 Waverley St, Onerahi, Whangarei 0110
2 Hours & 15 Minutes drive from Down Town Auckland
http://www.flameshotel.co.nz
Land: 6,587m2
Buildings: 1,345m2

Option 1
Leave it as it is, but with some long-term security for both the staff and clients who have stopped making bookings because the property has been under mortgagee control for the last year.
Massive potential. In 2009 the business turned over almost $1m. Last year it was half that. It just need a smart person to turn it up.

Option 2
3 of the 21 rooms have kitchens. I would put kitchens in to the other 18 rooms and run it as 21 apartments rented out long team. Rent would be $170-190per week. This would bring in $190k p/a
Then I would rent/lease the Restaurant & Bar and Conference Center out. $50k p/a Minimum (And some one will paid for the lease as it is so well set up.

Option 3
There is a concept plan to turn it into a 70 Rooms Hotel & Conference center.

Option 4.
Sell the Management Rights, lease it to the Managers and live off the lease income.

Option 5.
Close it down and use it as your own personal resort 😉

Property Features
  • Other
  • 21 rooms
  • Pool
  • Land is 6587 m²
  • Floor Area is 1345 m²
Discount Property Properties Massive Property. $300K under RegVal. $1.5M.

Massive Property. $300K under RegVal. $1.5M.

Sold $1,500,000
Description

Massive Property. $300K under RegVal. $1.5M.

Other Sold - Onehari Whangarei

Massive Freehold Land(over 6000 sqm) + 21 Room Hotel + 2 Bed Managers Unit + Restaurant & Bar + Conference Centre + Wedding venue + the pool + Cabana +  its own natural waterfall and a business(websites etc). The whole Dam Lot for $1.5M (this is mad-so cheap)
This property is not locked into any lease or management rights or any other rubbish, So massive options.

Registered Valuation from last year of $1.8M + a chattels valuation of another $225K

Price $1.5M +GST if any. Agents please ad your fee to this.

Flames International Hotel
8 Waverley St, Onerahi, Whangarei 0110
2 Hours & 15 Minutes drive from Down Town Auckland
http://www.flameshotel.co.nz
Land: 6,587m2
Buildings: 1,345m2

Option 1
Leave it as it is, but with some long-term security for both the staff and clients who have stopped making bookings because the property has been under mortgagee control for the last year.
Massive potential. In 2009 the business turned over almost $1m. Last year it was half that. It just need a smart person to turn it up.

Option 2
3 of the 21 rooms have kitchens. I would put kitchens in to the other 18 rooms and run it as 21 apartments rented out long team. Rent would be $170-190per week. This would bring in $190k p/a
Then I would rent/lease the Restaurant & Bar and Conference Center out. $50k p/a Minimum (And some one will paid for the lease as it is so well set up.

Option 3
There is a concept plan to turn it into a 70 Rooms Hotel & Conference center.

Option 4.
Sell the Management Rights, lease it to the Managers and live off the lease income.

Option 5.
Close it down and use it as your own personal resort 😉

Property Features
  • Other
  • 21 rooms
  • Pool
  • Land is 6587 m²
  • Floor Area is 1345 m²

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