There are many successful and established businesses in the Kingdom of Tonga and occasionally their owners want to move onto other projects or retire. This leaves some great walk-in, walk-out opportunities such as those noted below. You’re invited to contact Property Tonga in order to arrange a time to view these businesses. Property Tonga highly recommends seeking legal and professional advice before considering the purchase of any business or property in Tonga.
#530. Vava’u quarry
Area of lease 7a 2r 16.8p. 25 years left on this lease. No royalty payment. Volume of Quarry 245,800m3 more or less. Possible gross return of $776,000 pa with a net return of approx 200k. This does not include selling of dust and crushed gravel just mining of uncrushed rocks. The above is based on a valuation but remains an estimate. All intended interested parties must do their own due diligence. All enquiries welcome.
#343 Nuku’alofa Boutique Hotel
The City Hotel is now on the market. The two storey commercial building on Fatafehi road plus two properties next to hotel. The hotel property has a land area of 478.6m2, floor area approx 584m2, built 2013, 9 Hotel rooms and reception area. Location at Kolofo’ou, CBD Area, across the road from NZ Immigration. The said property is showing good returns with room to improve. The ground floor is rented out with a very high return from the current tenant.
The two properties next to the current Hotel, consist of land area, 623.1m2, and 198.7m2. Commerical lease, term until 2058. Location on Fatafehi Road and Salote Road within the central business district of Nuku’alofa.
The Buildings on these properties, restaurant, money transfer, pizza, and car rental yard, all showing good rental returns. There are many options for a new Owner to extend the current Hotel on this well sort after property. (Development potential is huge). For more information, or inspection of the above properties, please contact by email, or phone.
