Property For Sale in Taihape, Manawatu, Wanganui | For Wanganui Real Estate, Choose Eves

TAIHAPE HOTEL/TAVERN INVESTMENT PROPERTY 13% - Taihape Buyer Enquiry Over $375,000

Manawatu, Taihape 115-119 Hautapu Street

Property ID: EHV17257626

This historic building is within your reach. This Hotel boasts a Royal Visit by Queen Elizabeth II in 1953. The hotel price has dramatically been reduced to allow the new owner to upgrade the hotel to his requirements. It is centrally placed in Taihape and on State Highway 1, and consists of 4048 sq m, This includes 1730 sq m improvements and a vacant section of 1012 sq m. It caters for double room suites, studios and backpackers. The Tavern is well equipped, and provides gaming, celebration and TAB facilities. The hotel and tavern provide the townsfolk with entertainment and the rural population with accommodation and special events. There are many attractions in the Taihape region to entice visitors, such as: Town events, national events (even Gumboot Day), Nature trails, Proximity to the mountain and snow. Bungee jumping and river rafting are available in the area. The Hotel business has a long lease and will provide the owner an income of $46,167 per annum. At the above price, it represents a ROI of 13%. ## See the HD Walk-Film of the hotel. Go to the following link: https://www.youtube.com/watch?v=vaE53X4OlYs

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