Listing #:1503638162

Grand Oamaru Property - Absolute Bargain!

Location: 140 Perth Street, Oamaru, Waitaki, Otago
Property use: Hotel/Leis­ure
Floor area: 700m2
Land area: 6895m2
Viewing instructions: By prior arrangemen­t with agent
Rateable value (RV): $690,000
Price: Asking price $695,000 + GST (if any)
Property ID#: FMJ872
The owner has just drastically reduced the price for a quick sale. This has to be an absolute bargain!! Oamaru is really taking off and this property is prime buying for someone with a keen eye for a genuine opportunity.

Constructed in 1864 this gracious home ‘The Manor Estate’ has undergone several transformations over its lifetime. It was converted to an Events Centre in 1958 and is still fondly recalled by locals who have attended various weddings, business functions, 21st parties and other events over many years since then. It is now used for functions and as a B & B.

The (approx) 700sqm building includes a spacious function room, two ‘reception’ rooms, café and 3-4 bedroom accommodation wing with open plan kitchen/living/dining, family room and two bathrooms. It currently has a liquor license together with existing-use-rights for events including weddings, dinners, celebrations & concerts, and as cafe and B&B. With some areas in relatively original condition this property is priced accordingly. A new owner will be excited by the many possibilities available.

It would be remiss to not mention the wonderful (approx) 6,895sqm landscaped grounds – a superb elevated site with sweeping views over Oamaru.

This property represents incredible value to the right buyer who has the vision and resources to do something truly special.

Now priced at $695,000 plus chosen Plant & Equipment (all plus GST if any)

Agency reference #: 57708
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Asking price: $695,000 + GST (if any)
140 Perth Street, Oamaru, Waitaki, Otago
Asking price: $695,000 + GST (if any)
Listed: Fri 20 Oct, 6:01 pm
Peter Gale
TourismProperties.com, (Licensed: REAA 2008)
  • Contact details
  •  (021) 608107
  •  (021) 608107

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Agent's details

Peter Gale
  •  (021) 608107
  •  (021) 608107
TourismProperties.com, (Licensed: REAA 2008)
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Expires: Sat 10 Nov, 10:27 am
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