321 High Street South, Carterton

Discover this exceptional property located on SH2 in Carterton, featuring a 2,848m2 residential land parcel (more or less) with a 550m2 building currently leased to the Royal Oak Tavern. This buy-and-hold investment promises a high-percentage yield, offering a steady stream of rental income from the well-established tavern. Situated in a highly visible and accessible location, the property benefits from its proximity to key transport routes, making it an attractive choice for investors. With ample room for future development and the potential for continued commercial use, this is a rare opportunity to secure an asset in a growing region. Capitalise on the strong lease agreement in place and enjoy immediate returns while exploring the property's potential for appreciation and growth. Don't miss your chance to invest in this prime piece of real estate in Carterton!

$650,000 + GST (if any)

A landmark hotel that has served Featherston locals and visitors admirably for many years. Ideally positioned within its community, the Empire Hotel occupies a large high profile corner site adjacent to the recreation reserve and just a short stroll from the South Wairarapa Sports Centre and the Featherston Railway Station. Being located a couple of blocks back from the main street, and with plenty of off-street parking, dropping in to enjoy time at the Empire is about as convenient and easy as it gets. The business benefits from multiple revenue streams including a large sports bar complete with pool tables and adjoining garden bar, a gaming room, TAB, bar meals and a guest wing that has proved especially popular with recreational visitors and those required to stay locally while working away from home. An added benefit is the well-appointed, on-site manager's accommodation comprising open plan kitchen dining lounge, generous sized bedrooms and large bathroom - easily adapted to provide supplementary guest accommodation if desired or required. With the Empire Hotel come a host of opportunities, not least being the chance to own and develop a substantial business in a growing, increasingly popular and vibrant community that sits at the gateway to all the Wairarapa has to offer, while being less than an hours drive from Wellingtons Lambton Quay. Included is the opportunity to re-commission the original bar or re-purpose it altogether as well as the opportunity to expand or further diversify by utilising vacant space so sought after in Featherston but with the Empire is part of the package. And with recreational tourism growing locally, take advantage of the opportunity afforded by the Empires proximity to existing and planned cycleways - and so much more. If you possess a little entrepreneurial flair and are energised by opportunity, then make this Empire your own. Please contact me for additional information and to set up a time to view.

By Negotiation