A near-100-year-old pub building restored to its former glory by an ex-All Black has been placed on the market for sale.
The property at 40 High Street, in Frankton, Hamilton, has been home to the Frankton Hotel since 1929 and is owned by Graham "Moose" Whiting, who played 31 matches for the All Blacks in the early 1970s.
Whiting, who also used to own the hotel business, had nursed the Art Deco-style building back to health but is now looking to divest himself of the property.
he 1580sqm building sits on 1618sqm of flat freehold land and is leased to the owners of the Frankton Hotel until 2024, with three further six-year rights of renewal. It generates annual rental of $104,000 plus GST and outgoings. Various portions of the hotel have new building standards ratings of between 25 – 85 percent.
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Bayleys Hamilton sales agent Josh Smith, who is marketing the property for sale by tender, closing on June 25, said the two-storey character venue was originally built to service the needs of rail workers, and predicted rail would be the cornerstone of the venue’s future.
“The pub is located some 200 metres from Hamilton train station – which is about to enter a new era as it connects the city to Auckland with a commuter rail service,” he said.
“This new iteration will add to the pub’s existing clientele base.
“In addition, the hotel is just a short walk from the 75-unit Rawhiti Village residential development project which is spearheading the gentrification of the Frankton area.”
Smith said the Frankton Hotel’s hospitality service options encompassed two bars, two function rooms, accommodation options on the upper level, a TAB sports betting space, and an 18-machine gaming room.
Accommodation amenities at the hotel comprise 16 rooms – configured into queen/twin and triple bedrooms and two backpacker dorms, with a nightly rack rate of $80 for the individual rooms.
