Listing #:1510001259

Omarama Prime Freehold Investment Hotel for sale, Omarama, NZ

Location: Waitaki, Otago
The 710m2 Omarama Hotel is situated on a prime and strategic 2,600m2 corner land title with frontage to both State Highway 8 from Christchurch to Queenstown and State Highway 83 from North Otago to Omarama and the McKenzie Country.

The property has 33 associated car parks and a large dedicated loading zone with access from both State Highways.

This hotel situated is on Business 2 zoning and is prime for future development in the medium term. The current lease allows for the tenant to take up two further five years of the lease on 13 May 2020, with a final expiry date of 12 May 2030.

The improvements consist of the main hotel which has had substantial additions and alterations since its original construction.

The internal layout includes the main bar, beer garden, out-door seating areas on the west and east of the building, walk-in Cool room, café, wash-up area, rear storage and access hallway, keg room, bulk store, toilets, 10 bedrooms, shared facility bathrooms and toilets for the guest accommodation wing, guest lounge, office, commercial kitchen, boiler room, kitchen wash-up room , approximately 42 seat dining room, food takeaways operation in the old reception area and a small manager’s flat.

This business trades exceptionally well and allows for future rental growth in the future.

Both properties are for sale as a total site or separately. The Subdivision Resource Consent was issued in December 2017 and is available to be viewed on request.

The property is adjacent an existing gift shop and cafe and across the road from numerous retail shops, hospitality outlets and service stations.

For more information: please contact Adrian Chisholm, your Specialist Tourism Broker on Mobile 021727888 or outside of New Zealand on +6421727888, or by email at Adrian@tourismproperties.com

Agency reference #: 59803
Asking price: $1,785,000
Listed: Thu 4 Jan, 10:04 am
Adrian Chisholm
TourismProperties.com
  • Contact Details
  •  (021) 727888

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Adrian Chisholm
  •  (021) 727888
TourismProperties.com

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