nzbizbuysell.co.nz/97844
Ad ID: 97844

Function Venue; Weddings, Conferences, Health and Wellness Business for Sale The Catlins Otago

River Ridge Retreat - Idyllic Freehold Property & Business in the Catlins! Genuine Opportunity to Further Develop into International Destination!

Location:
Asking:
$2,500,000
Buyer interest over

Business for Sale Description

Function Venue; Weddings, Conferences, Health and Wellness Business for Sale The Catlins Otago

This spectacular freehold property is the world-class setting for an eco-themed functions venue, where guests are treated to an immersive, ‘all-inclusive’ experience.

While there are endless possibilities for River Ridge Retreat, the current owners have built a substantial business, based around hosting weddings. Defying the odds in the wake of Covid-19, this wedding season has been one of the most successful to date, and there are already forward bookings approaching $2M.

Check out the current River Ridge Retreat and one vision 'River Ridge International Retreat' at https://www.riverridgeretreat.co.nz/riverridge-retreat-otago-venue-for-sale/

River Ridge Retreat resonates peace and tranquility, occupying a secluded natural amphitheatre, of approx. 2.73ha (6.7 acres), in The Catlins, approx. 75minutes drive from Dunedin Airport. The beautifully groomed grounds are bounded by the crystal clear, trout-filled, Catlins River, with a backdrop of rugged native bush-covered hills, stunning ridges, and the melodic symphony of abundant birdlife.

The Catlins is a spectacular, unspoiled region, in the South Island of New Zealand, with enthralling natural landscapes and extraordinary wildlife. It boasts a rugged beauty and untouched quality that is magnetic. 

The substantial on-site improvements include a large, modern rustic style functions room with fully equipped commercial kitchen, chiller and bar area. The Retreat can sleep up to 80 people in comfort, in a mixture of modern self-contained units, shared facilities, and private rooms. The expansive grounds have scope for glamping and tent options if required. 

The owners have also explored other options, including corporate functions and conferences, a health and wellness ‘retreat’, and other special events. It is expected that the new owners will suitably appreciate this outstanding, rugged region; and have the vision, passion and motivation to build from the existing business, to realise the potential of this stunning property.

Expressions of interest over NZ$2.5M (USD$1.82M) are invited from serious buyers. 

NOTE: Some images are artists impressions. Contact the broker if you wish to clarify.

Business Resources

Owners are open to the possibility to stay on for an agreed timeframe to assist a buyer with the transition and/or management and development of the business.

Interested In This Opportunity?

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For more info
Contact: Peter Gale

Peter Gale

021608107 or +64 21 608107
Peter Gale
Broker Ref: 99914002
Licensed REAA 2008

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