Listing #:1511244248

Tourism Accommodation development for sale in Alexandra

Location: Central Otago, Otago
The Stadium Tavern, The Cellar Door and 4 houses positioned to create the ultimate Hospitality & Tourism Accommodation complex in Alexandra.

The Stadium Tavern has a 2.30am Licence.
The Cellar Door a 2am Licence plus an Off Licence with potential to add a Bottle Shop.

Located on Centennial Avenue and Gregg Street with approx. land area of 5,714m2.
At the top end of town with residential subdivisions nearby.

The Stadium Tavern: Hospitality complex with bar/dining area, pokies room, TAB, big screen TVs, ATM, Juke Box, 2 pool tables, children's play area, 2 courtyards, 2 function rooms and 2 sets of toilets.

The Cellar Door: 5 function areas with courtyard.
Specialising in Weddings/Functions, has held 1,500 guests.

Springvale Room: Up to 120 people seated, max. of 250 plus bar.

Conservatory Room: Overlooks the courtyard. 25 seated, max. 40.

Earnsleugh Room: Courtyard access and bar. 100 seated, max. 200.

Mezzanine Room: Informal lounge area.

Boardroom: 18 seated, max. 25.

?The 4 houses could be redeveloped into Tourism Accommodation pending consents.

141 Centennial Avenue - CV at 1st September 2016 $260,000 / 1012m2 land

139A Centennial Avenue & 2 Gregg Street - 2 Units with CV's at 1st September 2016: Unit A $190,000, Unit B $190,000 total land 911m2

4 Gregg Street - CV at 1st September 2016 $290,000 / 864m2 land

Purchase Options:

Option 1: The Stadium Tavern, The Cellar Door and the 4 houses.

Option 2: The Stadium Tavern and The Cellar Door.

Option 3: The Stadium Tavern

Option 4: The Cellar Door

Option 5: The Cellar Door and the 4 houses

Broker's Comments: A real opportunity to create a modern Hospitality & Tourism Accommodation complex in the most strategic Central Otago location, or enjoy the income from the existing businesses and rental income from the 4 houses.

We welcome your enquiry, please contact the specialist Hospitality & Tourism Business Broker, Adrian Chisholm, AREINZ on 021 727 888 or email: adrian@tourismproperties.com.

Agency reference #: 48760
Price on application
Listed: Fri 5 Jan, 4:45 pm
Adrian Chisholm
TourismProperties.com
  • Contact details
  •  (021) 727888

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Adrian Chisholm
  •  (021) 727888
TourismProperties.com

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