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Act Now ..... Freehold L & B Only

Kaiapoi, 67 Williams Street (Kaikanui Tavern)

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Sold
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Listing Number: RG8360
About this listing
Freehold investments like the Kaikanui Tavern rarely come to the market. The land area consists of 3636sqm, with the building area 620sqm. The Kaik has been an institution in Kaiapoi for generations and is still steaming along with the new operators.The hotel is leased and will provide a good investment return for years to come.DEE report is available to serious purchasers, please contact the sole agent now.

* New 10 year lease with two 10 year rights of renewal.
* Conveniently located on main thoroughfare in Kaiapoi.
* Present operators are experienced and fastidious.
* Long term ROI for serious investors
* Add this to your long term portfolio

Please be aware that this information has been supplied by the vendor and/or sourced from: Property Guru, Property Smarts, Land Information NZ, Local Councils, ECAN, CERA and other organisations. Twiss-Keir Realty Limited is merely passing over this information as supplied to us. We cannot guarantee its accuracy or reliability.
Property Information
  • Land Size: 3636 sqm
  • Land area
    • Yard Square Metres: 3016
  • Tenure: Fee Simple
  • Ground Lease $: 150,000 + GST
  • Property Type: Tourism / Motel / Hotel, Other (Tavern), Tenanted Investment
  • Approx Floor Area
    • Retail Square Metres: 620
  • Tenancy 1: Area Sqm: 620, Commencement Date: 2017-07-17T00:00:00.0000000, Expiry Date: 2047-07-16T00:00:00.0000000, Rental net/gross p.a.: $150,000 + GST + Opex (Operational Expenditure), Review Dates: Every two years (Anniversary date), Rights of Renewal: 2 x 10 years, Tenant Name: Eagle JI Limted, Term (years): 10 years

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