Ad ID: 63430

Hotel Freehold Going Concern for Sale Central Otago

Hotel for sale with high earthquake strength rating, on Otago Rail Trail, Multi Income streams, very good business, potential to grow as situated on large piece of land.

Location:
Asking:
$1,950,000
+GST + SAV

Business for Sale Description

Hotel Freehold Going Concern for Sale Central Otago

Award winner Freehold Going Concern Hotel for sale in Central Otago NZ - This is an exceptionally good business and property situated in a fantastic part of New Zealand - Don't miss out contact us now!

The hotel is the perfect opportunity for an experienced hospitality couple or group looking for a great country lifestyle, a profitable business with multiple income streams and is located on the popular Otago Central Rail Trail.

This historic hotel was built back in 1898, and it is being lovingly restored back to its former glory and at the back of the hotel is the original schist stables built around 1880 which are now known as McKinnons.

The Restaurant & Bar
offers great food, service & hospitality and is popular with the cyclists on the Rail Trail, curling and fishing enthusiasts and visitors. The chefs pride themselves on their flavour and presentation, open 364 days per year for Breakfast, Lunch & Dinner providing guests with good old fashioned hospitality. The bar is popular with locals and guests, offering a great selection of Central Otago wines, pool table, TAB and gaming.

Functions & Weddings ​are held in the stunning original schist stables known as McKinnons at the back of the hotel. It offers a unique and private location with beautiful gardens for functions and intimate weddings. It was also used in 2 of Speight’s “Good On Ya Mate” ads.

Accommodation
offers a variety of room types ranging from ensuite rooms, shared facility rooms through to a bunk room. There are a total of 10 rooms upstairs with 4 ensuited rooms, 6 rooms with shared facilities and the Two Bedroom Cabin has a small lounge, kitchenette and bathroom and attached Bunkroom has a dedicated private ensuite in the caravan park and there are another 3 full ensuites for caravans and campervans to use along with power sites. These are located at the rear of the Hotel. There are also 3 caravans used for staff accommodation or contractor overflow which have their own private ensuites in another separate block.

Managers Flat
​is located upstairs in the hotel and consists of a small lounge, large bedroom with built in robes and an ensuite and a small storage area and is currently occupied by the Bar Manager.

Owners Accommodation is a great 3 bedroom home with the master bedroom having an ensuite and provides privacy by being situated away from the business but still on site and has spectacular views from a large deck.

Business Resources

This is an exceptional business and property situated in a great part of Central Otago which is enjoying year on year growth from the multi income streams from Accommodation, Food, Bar, Function Venue hire, Gaming and TAB. The separate owners 87m2 home situated on the large 10,170m2 property ensures privacy from the business operation and surplus land allows for additional accommodation business opportunities to be explored.


There are strong relationships with the Rail Trail Operators, Contracting and Trucking firms plus there are solid forward bookings already in place for the upcoming season. Please refer to the Documents tab for further information including the detailed Seismic Report which gave the building a rating of 85%.

Please contact me for comprehensive property listing details or to arrange an inspection.

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

Adrian Chisholm

021 727 888
Tourism Properties.com
REAA 2008
Broker Ref: THL-55678

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