A Jackpot Investment

116 King Street North, Hastings

Investment For Sale

Negotiation    Tenanted Investment
Land Area: 295.00 m2.    Floor Area: 290.00 m2.    

Description

Charming 1940's single story building which has been occupied by a TAB and Sports Bar for a number of years. The building is partitioned into two bars and licenced for 18 gambling machines. Tight restrictions are placed on the number of gaming machines, with the Hastings District Council setting a maximum number that can be operated within the CBD, as a result there is a huge value associated with licence holding properties based on the number of licences held.

With prominent street frontage, the property is close to the prime retail area of Hastings.

Look no further for a sound mid-level investment.

Contact Danny Blair for further information.

Features

  • Good profile
  • Long standing tenant
  • Central Hastings location
  • Ideal for the add value investor
  • $37,953 net rental pa

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