KING SOLOMON HOTEL, HONIARA, SOLOMON ISLANDS
FOR SALE BY TENDER
For sale: an outstanding, rare, business opportunity uniquely positioned on Hibiscus Avenue in the central Honiara business and nightlife district. King Solomon Hotel is extensively renovated and has been in the same family ownership for the last eighteen years. It is a well established asset with strong brand recognition.
Please visit our hotel’s website at: www.kingsolomonhotel.info
Night club – 6pm to 2am (Mon to Saturday)
Residential – for in house guests
Restaurant – 10am – 12am
Publican – 10am to 10.30pm
Multiple income assets incorporating a pub, beer garden, café, restaurant, takeaway pizza business, cocktail bar, gift shop, night club, conference centres, and 76 extensively renovated long term and short term accommodation apartments.
Resort style facilities include a fully equipped gymnasium which overlooks a landscaped swimming pool and a bamboo tiki bar, ideal for poolside events.
Multiple high return entertainment venues, capturing day and night trade (licenced to trade 7-days a week).
King Solomon has the equipment to run off grid on its own optional water and power source.
Centrally located, in close proximity to the Honiara markets, directly across the road from the Central Police Station and Australian High Commission in an area surrounded by office and retail precincts.
Two blocks away from the Point Cruz waterfront.
Situated on an elevated north facing block with cable car access to the higher rooms enjoying spectacular ocean views over Iron Bottom Sound.
Comprising six separate adjoining parcels with extensive street frontage (88 meters) along Hibiscus Avenue, details of the Property are as follows: –
Parcel No: 197-017-014
Land Area: 0.1628ha (Approx.)
FTE Term: 75 years from 31 December 1977
Comprising: 31 units, including a conference room, gymnasium, toilets and showers, BBQ and swimming pool area.
Parcel No: 191-017-016
Land Area 0.3823 ha
FTE Term: 50 years from 1st January 1997
Comprising: 45 units plus a community room which may serve as a conference room.
Parcel No: 191-017-006
Land Area 0.1647ha
FTE Term: 75 years from 1st June 2016
Comprising: Nine self-contained units along the front of the hotel on Hibiscus Avenue plus a two story self-contained house.
Parcel No: 191-017-0024
Land Area 0.2246ha
FTE Term: 75 years from 6 July 2017
Comprising: Offices & Administration, Reception, Mojitos Bar, Hibiscus Bar, Restaurant, Commercial Kitchen and Cold Room, The Pipeline Nightclub, Conference Room with seating for 100 people, Commercial Pizza Oven, Hotel Laundry, Purchasing and Hospitality Supplies Room, The Bamboo Bar Cafe.
Parcel No: 191-017-096
Land Area 0.0439ha
FTE Term: 50 years from 1 June 2010
Comprising: Shipping Containers filled with hotel supplies and Generator Shed.
Parcel No: 191-017-097
Land Area 0.0366ha
FTE Term: 50 years from 1 June 2010
Comprising: Staff and Management House.
The fine print:
The seller reserves its right to do any of the following:
• Reject any tender even if it is the highest tender.
• Negotiate with any tenderer and exclude other tenderers,
• Re-advertise for tenders
• Ignore irregularities in the tender offer or process
• Refuse giving any reason for declining or rejecting any tender and/or
• Extend the closing time and closing date and/or the acceptance time and the acceptance date.
All Tenders should be in writing and in a sealed envelope marked ‘KING SOLOMON HOTEL Tender’ be delivered to Sol-Law, 6th Floor Anthony Saru Building, Honiara, Solomon Islands.
Tenders close at 4.00pm on the 1st May 2020.
For additional information and property Inspections please email:
Or visit the tender’s website:
For the Seller 17 January 2020