Bayleys in the North Commercial and Colliers NZ Limited are pleased to present, via joint sole agency, this historic and income-generating property.

This iconic building — originally one of New Zealand's oldest standing hotels — is now leased to Silver Fern Farms Limited as workers' accommodation, providing a dependable and lucrative income stream, making this property an appealing prospect for investors seeking strong returns.

PROPERTY FEATURES:

•Land Area: 2,464 sqm (more of less) (freehold)

•Lease Term: 10 years (from 20 January 2023)

•Tenant: Silver Fern Farms Limited

•Rental Income: $378,560 pa + GST (gross)/$311,269 pa + GST (net)

INVESTMENT HIGHLIGHTS:

•Historic Character: A former hotel with a unique story, adding character to this investment.

•Secure Tenant: Silver Fern Farms, a trusted name in the industry, offers long-term lease stability.

•Strong Returns: With growth potential through CPI-linked reviews every three years.

Asking Price of $2,100,000 + GST (if any).

For further details, an Information Memorandum, or to arrange an inspection, please contact:

Nigel Ingham

+64 21 562 919

nigel.ingham@bayleys.co.nz