An investment in rural New Zealand, an amazing 9.5% nett return, sound well maintained building and new 2 x 5 year lease in place. A successful, vibrant business operating, being the heart of the community and a must stop on Route 52 tourist route.
$525,000 + GST
Building Name: Pongaroa Hotel
Roof: Corrugated Iron
Exterior Cladding: Weatherboard, Plaster
Exterior Joinery: Timber and Aluminium
Parking: Good parking.
Lot Features: Flat, street frontage, partially fenced.
Internal Features: Alarm, W/W carpet, floor vinyl.
Heating/Cooling: Woodburner, Heatpump.
Interior Construction: Various linings.
District Council: Tararua
Valuation Reference: 11130/22600