Motivated vendor, will be sold

Tenanted Investment

Long term lease returning $57,200 pa + GST

Land Area, four freehold titles consisting of 13,224sqm (approx).

The Maungaturoto Hotel is situated on State Highway 12, approximately 1km east of Maungaturoto Town Centre. The Maungataroto rural township is located approximately 110km north of Auckland, 62km south of Whangarei City and is a popular service centre for the wider rural and expanding lifestyle community. The township is anchored by a large Fonterra processing plant, one of two in Northland and is one of the main employers in the town.

The Hotel itself is a two story building originally constructed circa 1902 with subsequent additions made around the 1960s. The Hotel consists of a Sports Bar with rear decking, Lounge Bar and Managers Office on the ground floor with the upper level comprising of multiple single and double rooms, lounge and managers accommodation. Further improvements include basement cellar and additional garage and sleep-out. The Hotel is well presented with a true character feel complete with hardwood polished floors, open fireplaces and verandah epitomizing rural New Zealand charm.