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Palmerston North 249 Main Street, Palmerston North

ID BC202937
By Negotiation

Freehold for sale - 'The Masonic Hotel'

This hotel first established in 1866 at 249 Main Street, Palmerston North. Yes, you read this right, its 159 years young!
Now on the market for the first time since 1958 the current owner says it's time to sell. A lot has happened since this great hotel first opened its doors, the ongoing owners since those early days have loved this building and it has benefited from continual development throughout its life. Not only that, the opportunity benefits from a true multi-modal business model with no less than six income streams.
* Ten Guest suites with en-suite bathrooms, all recently refurbished.
* Substantial sports bar, one of the most popular in the region.
* TAB facility
* Nine Pokie machines.
* Interior "Grand Function Room" for up to 250 guests, with a large central bar, staging, event facilities and enclosed beer garden for another 50 people.
* Front of house function room for up to 70 guests with its own bar and large servery linked to a commercial kitchen that supports the whole hotel facility, (can serve three areas simultaneously).
Walk in Tank Room chiller and Sports bar walk in chiller.
Laundry.
Secure parking for up to 14 vehicles,
Workshop (tenanted), garage and two storerooms.
The building has been re roofed in recent years.
New central boiler approx. eight years ago and the building repainted one year ago.
Superb managers/owners accommodation has three double bedrooms, two bathrooms, lounge dinner. modern kitchen and a large deck.
What more could you ask for!
For sale by negotiation. An Information Memorandum is available please call or email me...Bernard Linsley
Features
Area | 1230.00m2Land | 1787 m2Rates | $28,913.92paRegional rates | $606.28paLV | $1,100,000RV | $1,120,000
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Kevin Carian

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