ALBERTO’S RESTAURANT: Building and land
To be sold as Vacant Possession:
Leased land ( 1,648 sqm ) till 2048 PLUS the buildings that sit upon this land
The new owners will get: The Buildings, plus the land of 1,674 sqm (nearly 1/2 acre) which still has a health lease period.
Plenty of room to expand or build owner’s accommodation at the back of the restaurant building
Located between the Edgewater Resort and Sunset Resort on the main road of Arorangi.
This building is solid, dry, and currently used as a licenced restaurant and is within walking distance of the Edgewater and Sunsets Resorts
Ready for new owners to put their own stamp on this iconic location and the ability to build owner’s or manager’s accommodation ( on site )
PROPERTY DETAILS - To be sold as Building and Leased Land
Location Main Road Arorangi
Island Rarotonga
Land Size 1,674 sqm
Room for expansion Yes
Current Use As a restaurant with a seating Capacitiy55 inside, 18 outside (+ room for expansion)
Lease Period 25 years as at 2023
Lease I.D Raupa Pt Section 87E2A Arorangi
Property Type To be sold as Vacant possession
Asking Price NZD $495,000 +stock (+refundable VAT )
NB : THERE IS ADDITIONAL LAND AT THE REAR OF THE RESTAURANT WHERE OWNERS COULD BUILD THEIR OWN HOME OR ACCOMMODATION FOR MANAGERS ( OR BOTH )
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