Ad ID: 78495 Inactive

v Hotel and Function Rooms for Sale Central Otago

Hotel, Visitor Accommodation, Function Rooms FHGC for Sale

Location:
Asking:
$1,750,000 plus SAV

Business for Sale Description

v Hotel and Function Rooms for Sale Central Otago

Lovingly restored by the current owners. This historic Hotel is nestled in the heart of Central Otago and a popular tourist stop on the Central Otago Rail Trail. The sale includes the freehold land, hotel building, historic stables used for intimate functions and weddings, a well presented three bedroom owners house, managers apartment, staff and guest accommodation, plus the assets and goodwill of the business.

There are multiple income streams from accommodation, dining, bar and venue hire, and strong relationships with rail trail tour operators, local contractors and regional business travellers. Guest accommodation ranges from ensuite rooms, shared facility rooms, separate cabin and bunk room, plus 3 powered campervan sites with external bathroom facilities. Bed capacity is 29 plus the campervan sites. The total hotel dining is 146 seats plus the historic “McKinnon’s” stables add a further 30 seat capacity.

Further development is possible on the 1ha site with the additional conversion of McKinnon’s for functions or accommodation, subject to consent. Possible development and/or subdivision of the residential zoned component on the land. Increased marketing of the property as a function, event or wedding destination. An ideal opportunity for hospitality professionals or investor.

For sale at $1,750,000 plus SAV plus GST (if any)

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