The iconic County Hotel, located in the heart of Napier’s renowned Art Deco precinct, is being presented to the market as a compelling investment opportunity underpinned by a new 20-year initial lease term with rights of renewal.
Positioned at 12 Browning Street, the historic three-level boutique hotel is the region’s sole remaining example of Victorian-Edwardian classical architecture, having remarkably survived the 1931 Hawke’s Bay earthquake. The property represents a rare combination of heritage significance, established hospitality operations and long-term investment security.
The County Hotel comprises 18 spacious and beautifully appointed guest rooms, complemented by the popular Wine Street restaurant and Churchill Bar. Returning $320,000 net + GST per annum, the new lease provides for annual rental increases, and market reviews every three years, offering investors a secure and diversified income stream with the potential for ongoing rental growth.
The property holds a Grade B seismic rating, meeting at least 70% of the New Building Standard, and provides approximately 1,480m² of internal floor area across a 574m² freehold site. Supporting infrastructure includes a commercial kitchen, manager’s accommodation, a boardroom and character-filled basement, with additional third-party parking options available nearby.
Rarely do opportunities arise to acquire an asset combining such strong heritage credentials with an established hospitality operation and long-term income security.
For Sale by Negotiation. Contact Ash Hames for further information on this unique investment opportunity.
Features:
- Net Rental $320,000 + GST
- New 20 Year Lease
- Iconic 18 Room Hotel
More information: https://www.colliers.co.nz/p-NZL67042004
