|The Riverview Hotel||Fiji|
Categories: Hotels/Resorts Waterfronts Businesses
Location: Northern Division, FijiClick Here for detailed information on Fiji)
Price: $880 000 USD
The Riverview Hotel is certainly an anomaly in the largest city on Fiji's second largest island of Vanua Levu. Located right on the river bend near downtown providing some excellent views.
The potential for the hotel to engage in the business of a waterfront bar and restaurant is quite good considering this interesting setting and perhaps the only one of its kind in town. The owner is currently remodelling the waterfront side of the hotel to create a good size restaurant and bar. Meanwhile the property actually earns a very good cash income from just the room rentals.
There are 15 regular rooms in two stories some with AC and with single, double and queen beds; some recently upgraded with private verandas and en-suite baths. There is a hostel dorm with 7 single beds which appeals to the backpackers with shared, facilities including dining and kitchen.
There is an apartment suite in the section adjoining the hostel. The large after deck in this area is another potentially popular area to spend an evening at the river's bend.
The ride on the river to the ocean from the hotel is just about 10 minutes by motor boat. Boat hire and evening cruises could be another side business for the more ambitious.
There is a decent ROI on this purchase, even with the funky look. There is no website, no advertising, nothing but word of mouth and what people might share on their social webs that bring the customers in and repeatedly at that. The place is secluded and actually hard to find without explicit directions, yet near the downtown close enough to walk to town.
The property is leased on a 99-year Crown lease with about 50 years to go at an annual rate of just $60 USD per year, renewable anytime for the full 99 again.
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Downloadable Document Attachment:
- The Riverview Hotel
Pavilions of Splendour International, Inc.Suite 9, Ansuya Estate, Revolution Avenue, Victoria, Seychelles
Telephone: 0034 603 424 175 Email: Click Here
Skype Username: pavilionsofsplendour
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