- For Sale
For SaleDeadline Private Treaty 16th Dec 2020 4:00pm (Unless sold prior)
Unique freehold property is located on the edge of the sheltered and beautiful Waimea Estuary and strategically positioned adjacent to the award winning Grand Mercure Resort.
Spectacular Tudor style building constructed in 2007 to exude durability, timeless style and authenticity.
The stunning Bar & Restaurant is soon to receive a makeover and relaunch in 2021.
Views of the Waimea Estuary, and to the Kahurangi an attractively landscaped sheltered courtyard.
New 8 year lease term runs until 1st December 2028 with further rights of renewal.
Net annual rental is $98,600 plus GST with the tenant responsible for 100% of the outgoings.
The tenant is Monaco Management Limited who manage the neighbouring Grand Mercure resort and The Monaco Kitchen.
The business was established by the current owners in 2007 trading successfully since then.
Freehold title of 722m² which boasts a 35 metre coastal roadside frontage. Located above council’s year 2100 predicted flood level.
A well leased, well located and well built, timeless, character property constructed of low maintenance and long life materials that will patina and improve with age, a winning formula.
Deadline Private Treaty closing Wednesday 16 December 2020, 4:00pm (unless sold prior).
Ref #: 20601077