Ad ID: 73608

Historic Hurunui Hotel for Sale Hawarden Canterbury

Old World Charm, this famous & historic hotel could be yours!

Location:
Asking:
$860,000
+GST (if any)

Business for Sale Description

Historic Hurunui Hotel for Sale Hawarden Canterbury

The Hurunui Hotel is steeped in character and remains one of the most charming country pubs to be found in New Zealand today.

This category 1 Heritage listed building has recently been structurally upgraded to 67% of the NBS code. The Hotel has been painted externally and the guest rooms have been painted and carpeted.

The best option would be to buy the freehold, own and operate the business for 2-3 years and sell the business lease to recover a portion of your original investment with a potential ROI on the freehold investment of 10%.

Business Resources

What’s on offer:

  • The hotel has 3 outdoor areas for private groups and casual dining which include the wine garden, beer garden and street side café. Inside you will find the bar and lounge areas including a pool room. The restaurant caters for 50 guests approx. for breakfast, lunch and dinner. The services areas a designed so that you can operate this business with minimal staff. 
  • The Guests rooms are located on the second floor and offer 3 double rooms, and 4 twin share single rooms. There are 2-shared bathrooms with shower, bath and toilet. 
  • The Campervan Park offers 10 powered sites and ample room for tent sites for overnight tourist traveling through to Hanmer Springs or Christchurch. The ablution block includes toilets, showers, accessible bathroom, kitchen and laundry facilities.  
  • The hotel guest rooms and campervan park are used for groups that are attending the Hurunui Village Function Centre for private functions and weddings overnight. 
  • Excellent shared parking spaces for hotel guest and functions ample space for coach groups visiting the hotel for morning, lunch and afternoon teas.  
  • Land Area 1.130Ha, the property is currently vacant and estimated rental income for the hotel, café, function centre and campervan park would be $70,000 PA plus 100% of outgoings.  
  • Owners/Managers accommodation: Located on the second floor, unfurnished apartment with a large sunroom, double bedroom, lounge area, kitchenette and bathroom with shower and toilet.  

Brokers Comments: This fantastic opportunity for an owner operator to buy the land, buildings and chattels for a very affordable price and because of it historical charm and location it is a must stop for tourists and locals traveling north or south on the inland route.

My owners have instructed that in addition to selling the freehold Investment, there is an option to buy the leasehold business interest with a 30-year lease.

Interested In This Opportunity?

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Tourism Properties.com
For more info
Contact:

Brad Watts

+64 21 278 0919
Tourism Properties.com
Licensed REAA 2008
Broker Ref: 65403

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