Split Risk Hotel and Commercial Investment
JLL are proud to present the opportunity to acquire the freehold going concern of the high performing Emerald Hotel along with the stratum in freehold interests of the neighbouring, tenanted
commercial building in one of New Zealand’s strongest regions, Gisborne.
On offer is the opportunity to acquire;
- The Emerald Hotel | (freehold and going concern) a 50-room, self-rated 4-star hotel and associated facilities;
- Victoria Plaza | (commercial office suites and retail tenancies including those to the ground floor of Gladstone Road)
- 9 – 11 Gladstone Road | (2-Level heritage commercial building); and
- 89 x Car Parks | situated within an adjoining car park building
The property occupies the prominent corner site of Gladstone Road and Reads Quay overlooking the stunning Turanganui River. The mixed-use zoned property comprises an amalgam of four adjoining (and in part intertwining) building structures across multiple strata in freehold titles.
The property is to be sold via Expressions of Interest, for further information on this unique opportunity or to submit your interest, please contact the exclusive listing agents .