Ad ID: 57263

Lodge & Restaurant Freehold Going Concern Business for Sale Central Otago

Stunning Lodge and restaurant for sale as a Freehold Going Concern providing luxury alpine accommodation, a licensed restaurant and conference facilities in Central Otago.

Business Description

Lodge & Restaurant Freehold Going Concern Business for Sale Central Otago

Real opportunity for a tourism accommodation and hospitality operator to buy this Lodge restaurant and conference facilities and take this to the next level! Impressive property on large piece of land which could put more units on in the future.

The lodge was purpose built with a modern and eco friendly theme, it is located on the grounds of the old school with a very large site of approx. 5,822sqm site providing potential to further develop and extend the lodge in the future.‚Äč

The current owners have worked hard to increase sales by updating the website and using the seekcom booking system and there is an opportunity to greatly increase the marketing of the lodge.

The peak is during the summer season from October through to the end of April and the winter months are quieter with small conferences/group functions and the restaurant trade. During October to May each year, cyclists use the famous Otago Rail Trail and Naseby itself provides winter sports including award winning world class curling and ice skating facilities for both domestic and international visitors.

Lodge accommodation: There are eight luxurious apartments which were purpose built and are each located individually. Each apartment is self contained featuring their own outdoor deck area and generous sized tiled bathroom with under-floor heating and wet-shower area. 6 x One Bedroom units - accommodates up to 4 guests with 1 splitable bed & a pull out queen size leather sofa 2 x Two Bedroom units - accommodates up to 6 guests with 2 splitable beds & a pull out queen size leather sofa 2000 ft Restaurant: 2000ft restaurant is fully licensed offering a wide selection of meals, featuring an outside BBQ area with an open fire for those cooler evenings and it is the only restaurant located in the area. It is constructed of straw bale, mud-bricks and local trees providing warmth all year round, stunning high rafted ceilings and an open schist fireplace.

Conference and Functions facilities: The conference centre and restaurant can seat up to 50 people for meals and more for buffet style functions catering for weddings, private functions, conferences or corporate business meetings. There is a large screen, data projector facilities and Wi-Fi internet access available.

Business Resources

 

 

 

 

Owner's /Manager's Accommodation: There is a modern, private and self contained cottage with 2 bedrooms, 2 bathrooms and open plan living which is ideal for either the owners or managers. Broker's Comments: ‚ÄčThis is a real opportunity for a tourism accommodation and hospitality operator to take this modern and awesome property and business to the next level.

The cost of this complex was $3.75m, so at $1.35m (plus GST if any), it is just 36% of the completion costs. There is as much land as you will ever need for future development for more accommodation units on the large property, so you are "future proofed" for the booming tourism and hospitality industries in Central Otago.

Please contact me now to discuss this sale.

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