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Colonial Inn being marketed for Sale-By-Tender

175 City Road, Saint John, New Brunswick

Buyers interested in the LAND, BUILDINGS, AND EQUIPMENT FORMERLY OPERATING as a HOTEL & RESTAURANT at 175 CITY ROAD, SAINT JOHN, NEW BRUNSWICK are encouraged to submit sealed offers to purchase.   Tender Bids are due by September 1st, 2017.  Note: The highest or any offer will not necessarily be accepted.

According to a news story that ran today on www.Country94.ca, The hotel and restaurant are now closed and some windows have been boarded up.  Local historian, Harold Wright, commented in the story that he feels “it already has a lot of good resources so if someone can put some money into it could add to Saint John’s economy.”

The site is located on the north side of City Road, just south of Highway 1. The property is approximately 2.45 acres (1 hectare) in size and irregular in shape (see PID Map below). The property has approximately 420 feet of road frontage on City Road and is approximately 275 feet deep.

The sale process is being administered by the receivers Powell Associates Ltd. The receiver has made allowances for buyers who are represented by a commercial real estate broker. If you are an investor interested in more information about the property including photos of the inside, booking a tour of the property and/or would like assistance in crafting a sealed bid offer, I can help.  Call Stephanie: 506-333-3442

 http://maritimetrustee.ca/property-for-sales-colonial-inn-saint-john-new-brunswick/

 
PID map                                                                                                             Photo source: Powell Associates Ltd

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