A rare opportunity to acquire a strategic 2.884 hectare site with a long term lease to an established multi-national hotel education and accommodation operator.
Developed in the 1970's for hotel accommodation and subsequently extended and adapted into what is now New Zealand’s top hotel & hospitality education provider. The improvements include an impressive restaurant / kitchen facility, multiple conference rooms, classrooms and accommodation containing 148 twin rooms. Also featuring 175 car parks, swimming pool, volley ball, squash and tennis courts.
Tenanted by The Pacific International Hotel Management School on a triple net lease for $800,000 plus GST p.a.
The property occupies a commanding site at the entrance to Bell Block, with three road frontages, including huge profile to State Highway 3. Bell Block is a tightly held mixed use suburb, with one of the fastest growing residential areas and the primary industrial precinct of New Plymouth.
Being sold by Negotiation
For more information or to arrange an inspection contact:
Benet Carroll
021 028 94537
benet.carroll@colliers.com
Please note: all floor areas are approximated only.
Features:
- Site area: 2.8840 Ha (approx.) (spread over two titles)
- NLA: 14,467 sqm (approx.)
- Leased to Pacific International Hotel Management School Limited
- 175 car parks
- Strategic location with 3 street frontages, including SHW3
- Held in two titles – buy one or both
- Can be sold with adjoining 6,800 sqm greenfield development site
More information: https://www.colliers.co.nz/p-NZL67035019
