Ad ID: 58051

Hotel for Sale Central Otago

Hotel for sale in Central Otago. This is an affordable lifestyle and business opportunity in a great rural community with the options of a 3 bedroom home. Check out the buying options.

Location:
Asking:
$495,000
+ GST + SAV

Business for Sale Description

Hotel for Sale Central Otago

Hotel for sale - buying options:

Sale Type Options:

  • Freehold Going Concern (FHGC) $495,000 plus GST if any - There could be an opportunity to purchase the Lease and Chattels to allow for a purchase of the FHGC as the current Lease has 1 year remaining.
  • Freehold Investment (FHI) $425,000 plus GST if any - There is 1 year remaining on the Lease.
  • Optional House: $160,000 - there is an opportunity to purchase the 3 Bedroom house which will be subdivided off the title. 

Business Resources

Located 15 minutes from a vibrant small township, it is a great rural country town which is popular for fishing in the wetlands and the Patearoa Hotel is popular with the locals, fisherman, holiday makers and cyclists from the rail trail.

The historic hotel was built in 1928, it is on the site of the original hostellery built by Thomas Newton in 1887 which burnt down in 1927. The Hotel has a bar, outside courtyard, dining & functions room, commercial kitchen, accommodation and guest lounges.

It is one of the largest accommodation providers in the district with: 7 Cabins located within the gardens 8 Guest Rooms located inside the Hotel with 4 double and 4 single bed rooms Owners Accommodation: There is a 1 bedroom with ensuite located within hotel. There is the option to also purchase the 3 bedroom house for $160,000.

Don't hesitate to contact us now for comprehensive property information.

 

 

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Similar Business Opportunities:
Hotels for Sale Otago
Businesses for Sale Otago
Tourism Properties.com
For more info
Contact:

Adrian Chisholm

021 727 888
Tourism Properties.com
REAA 2008
Broker Ref: THL-47944

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