Ad ID: 17791
inactive

Hotel for Sale Waimate

Hotel - Huge Price Reduction. Very motivated Vendor, huge Building & Land area, multiple income streams. Accommodation, Bar, Restaurant and Function Centre & more!

Business Description

Hotel for Sale Waimate

Asking $750,000 plus stock at valuation + GST if any

CRITERION HOTEL FOR SALE - FHGC - WAIMATE - SOUTH ISLAND - NEW ZEALAND - LARGE BUILDING AND LAND AREA - BUYER POTENTIAL TO CREATE A NUMBER OF INCOME STREAMS - BOUTIQUE ACCOMMODATION - WEDDING VENUE - FUNCTION CENTRE - BAR WITH GAMBING MACHINES - OPTION TO BE THE LANDLORD AND CREATE SEPERATE LEASES!

CRITERION HOTEL is an exceptionally built hotel is ideally suited for a number of income streams including weddings, boutique accommodation, function centre, public bar with gaming with separate entrance and perhaps separate leases.

CRITERION HOTEL CONFIGURATION: PUBLIC BAR - GAMING MACHINES: Currently there is a public bar with gaming machines in the southern corner of the complex with it's own entrance.

RESTAURANT: The Restaurant with a full commercial kitchen also has it's own entrance from the car park along with an outdoor enclosed beer garden. The Restaurant is ideal for private functions.

BAR FACILITIES: The Private Bar has it's own entrance via the main doors of the Hotel and is ideal for private functions.

FUNCTION CENTRE: The Function Centre again has private entrance via the main entrance to the Hotel and opens out into a very private and beautiful garden with established trees.

Business Resources

ACCOMMODATON DETAILS: In terms of the Accommodation rooms upstairs, their is a great opportunity to turn existing share facility rooms into ensuited rooms - perhaps room for 8 ensuited rooms on the first level of the Hotel could be created within the existing structure.

BROKERS COMMENTS: This a great opportunity to purchase this complex for a faction of it's replacement value and add value, create multi income streams and enjoy the awesome lifestyle this part of South Canterbury offers.

MOTIVATED VENDOR: The Vendor is very motivated to sell.

BUYERS - OTPIONS TO PURCHASE : Buyers who are seriously interested in purchasing the Criterion Hotel and who will consider trading and/or want to explore to possibility of Vendor Finance please call immediately. Purchase price3 is + gst if any.