249 Main Street, Palmerston North
By Negotiation
1,787m2
1,347m2
+47
+46
Freehold going concern - 'The Masonic Hotel'
This freehold hotel benefits from a business with no less than six income streams! The hotel was first established in 1866 at 249 Main Street, Palmerston North. Yes, you read this right, it's 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. • 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 was 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.
249 Main Street, Palmerston North
Web ID
BC202937
Floor area
1,347m2
Land area
1,787m2
District rates
$28,913.92pa
Regional rates
$606.28pa
RV
$1,900,000
By Negotiation
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