198 Main Road, Waikouaiti, East Otago

Golden Opportunity – Freehold Turn-key Hotel/Motel

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198 Main Road, Waikouaiti, East Otago

Golden Opportunity – Freehold Turn-key Hotel/Motel

Commercial Sale

$1,050,000

plus stock plus GST if any

About

The Golden Fleece Hotel/Motel is located on a prime corner site fronting State Highway One, over two freehold titles of 6,980m2 (more or less). This is a rare opportunity to secure a freehold commercial property and business offering multiple income streams in an enviable part of Otago – close to Dunedin – and on the gateway to Central Otago and Christchurch.

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It offers the ability to live and work onsite – or potentially lease the Tavern/Motel/or parts thereof to independent operators. With multiple income streams the business generates income from the bar and off-licence, restaurant, takeaways, accommodation, pokie machines and TAB. The business has a reputation for being a quintessential traditional hotel/tavern and offers plenty of opportunities going forward to new operator (s). The buildings, chattels and site are well maintained and are being offered for sale as a ‘going concern’. Trading figures are (available on request). The zoning under the Dunedin City Council 2GP is Commercial and Mixed Use, Section 18. This site could lend itself to further development potential (subject to consents).

The accommodation is made up of four units – two x one bedroom and two x two bedrooms) and also offers live in managers accommodation (a 3-4 bedroom unit) onsite.

This is a unique opportunity to secure a lifestyle along with a regular income in a stunning part of Otago, close by the beach and stunning landscapes. Waikouaiti is destination for holiday makers, service-centre for the rural district and fast becoming a destination for home-makers opting to live 30 mins from Dunedin.

Contact us now for a full Information Memorandum.

property details +

Web iD: COMMB1376
Approximate land area: 6980m2

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Agents

Merrin Bath

Merrin Bath

Commercial Consultant

Mobile: 027 202 0903
Direct dial: 03 470 2549

Kane Bray

Kane Bray

Commercial Consultant

Mobile: 021 082 99944