With stunning views over the Central City and harbour, this character residence will command your attention. This is a rare opportunity to purchase a freehold 15 room boutique hotel (bed and breakfast), with attached car parking, centrally located within 6-minute walk to the CBD. Formally the Christian Brothers residence, The Brothers Boutique Hotel is an imposing property built in 1920, with many of its original features retained.
Refurbished in 2005 to 70% NBS, with a transformation from residence to hotel and earthquake strengthened, the accommodation comprises 15 bedrooms with modern ensuites and central heating.
With a number of development projects in the city, this site offers new owners or an entity the opportunity to accommodate a work force, develop the accommodation further, lease to an executive company, or further develop the property on the carparking area. Included in the sale is the stand-alone hotel building and an adjacent 15 space carpark.
Across three separate titles, this is a lot of real estate right in the City Centre, with plenty of options around the future intended use of this site, The premises have been leased on a commercial basis for the past three years to a construction entity. Can be purchased or leased fully furnished. Expressions of interest are welcomed from any commercial entities seeking an accommodation lease option.
295 Rattray Street, freehold title of 933m2 (more or less)
295A Rattray Street, freehold title of 9m2 (more or less)
10 Bishops Road, freehold title of 454m2 (more or less)
A combined area of 1,396m2 (more or less)
Vendors are registered for GST, therefore the sale will be plus GST (if any).
Please note: We are selling land and buildings, not the hotel business.
For further information please contact us for a full information memorandum.
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