Hospitality Site for Sale Auckland Central

Why buy this Hospitality Site Business

Hospitality Site for Sale Auckland Central

Please note this business is being sold as a hospitality site with no intellectual property provided

K Road's neon strip has some of Auckland's best dining destinations; St Marg's is one of them and ticks all the boxes of a high profile corner site - the dream hospitality site you have been searching for.

Complete with a brand new high quality fit-out, a stunning bar, lighting, art & furnishings, walk-in cool room, new refrigeration units and new extraction fan plus all kitchen equipment serviced and ready to walk in and start trading - the ultimate turn-key operation!

Genuine reason for sale - experienced owners focussing on other business interests and consolidating portfolio.

Upstairs accommodation or office space with right-of-way access that could be lived in or rented out @ $30,000+GST per annum.

This really is the cream of the crop when it comes to hospitality sites!

But wait, it get’s better - with a city rail network station opening just meters away next year, this site will be a destination for even more customers.

Business Highlights

- Red hot weekly sales average of $26,800+(GST Incl) trading as St. Marg's

- Great lease in place secured through to 2039 (5+5+5)

- Seating for 70+ comfortably

- Annual rental of $125,000+GST

- Annual OPEX of $23,000+GST

- Volume-based solus agreement with Asahi in place until 2029

- Rental appraisal for accommodation above @ Estimated $30,000+GST

- 257m2+ total floor area (including upstairs accommodation)

- On-License in place

- Outdoor dining license in place

- Full 8M x 1.8M frontage licensed for outdoor dining / drinking

- Extravagant and tasteful hospitality fit out

- Fully equipped kitchen with powerful extraction system

- Fantastic walk-in chiller and beer line system included in sale - not rented

K Road is calling for its next keen hospitality operator. Contact the hospitality specialist Sterling Arnet today at 021 026 85891 to arrange an inspection of your dream restaurant.

Asking Price: $129,000 + Stock of $500