Property Ref: 70410

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Café 469 & Motels (Oamaru) – Freehold Going Concern in Prime Main Highway location

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Property Information

Here’s why This may be Your Perfect Business!

This business has allowed the current owners to enjoy a great lifestyle for the last 13 years. However they now wish to ‘retire’ and it is time for someone else to reap the rewards. The good news for new owners is the huge potential to grow the business and add significant value to the freehold.

The substantial ‘coffee bar/takeaways’ with upstairs 3-bedroom owners accommodation, together with 3 x comfortable motel units, is set on the busy main highway into Oamaru. This great location, 2 minutes’ drive from the centre of town and close to major sporting grounds and high schools, draws on a strong captive market together with passing traffic. The owners comfortably manage this as a 2-person operation, with the café currently only being opened from 8am – 3pm, 5 days pwk.

As you approach Oamaru from the North it is hard to miss Café 469 & Motels. The spacious café has a warm, inviting atmosphere with ample sit-down room for the busiest times. Complete with commercial kitchen and large chiller it has everything you need.

Upstairs in the main building (built circa 1952) is the owner’s accommodation featuring 3-bedrooms and large living area with pleasant outlook across the highway to the opposite hills. It is in original condition with some amazing art-deco features. The windows have been tastefully double-glazed to ensure Winter comfort and general quietness.

The 3 x self-contained Motel units to the rear were built in 1953 along the style of art deco with ornate plaster ceilings. An added feature is the lovely private yard and flower garden that guests freely enjoy. All the units have been tastefully refurbished including double-glazing, new kitchens and bathrooms but still retain the ‘art deco’ style. 2 units have 1 queen-size and 1 single bed, the third has 1 queen size bed & 2 single beds. All units have LED 32" flat screen T.V.s with their own sky decoder plus sport. Some recent guest comments include “A Home Away from Home" "Best Value for Money" "Hidden Gems".

This substantial freehold business is realistically priced for a quick sale. A business of this quality that a) is suitable for a couple b) has on-site living c) has a diversified income stream d) has significant potential to add value e) is freehold and f) is less than $1M does not come along very often! Interested parties should contact me now for further information!

 

Oamaru, the largest town of the Waitaki District, has a rich history and proud heritage, enriched by the passionate and perhaps quirky locals. Explore this heritage in the Victorian Precint, where you will find, shops, galleries and traditional crafts within some of the Southern Hemispheres most complete Victorian streetscapes and19th century architecture.

This heritage and history is proudly celebrated each November during Oamaru’s Victorian Heritage Celebrations. A new heritage experience is also nestled right in the heart of Victorian Oamaru, Whitestone City. This is a fun-filled and interactive experience that the whole family will love.

Also at home in the Precinct, the wonderful world of Steampunk. Check out New Zealand’s premiere Steampunk attraction at Steampunk HQ or take the kids to the steampunk-inspired playground at Friendly Bay (Oamaru Harbour). If you're a big fan, plan your trip to coincide with the Steampunk New Zealand Festival each Queen’s Birthday weekend. 

All the exploring will soon have you hungry. Treat your tired taste-buds to a variety of mouth-water food and drink delights in Oamaru. With Scotts Brewery, The NZ Whisky Collection cellar door, award-winning restaurants such as Riverstone Kitchen and locally crafted artisan cheeses and factory tours and tastings at Whitestone Cheese Co., foodies will be in their element.

Having tasted some of the unique Waitaki flavours, head to see the world’s smallest penguins in their natural environment at the Oamaru Blue Penguin Colony. You can also witness the world’s rarest penguin – the yellow-eyed penguin – coming ashore at Bushy Beach. Watch from the purpose-built viewing hide so the penguins are not disturbed.

There also are great options for walking and biking in Oamaru. The Oamaru Public Gardens are a great option for a leisurely stroll, picnic and play on the playground. Or explore more of Oamaru and enjoy sweeping sea views on the Skyline or South Hill Walks. Cape Wanbrow is another popular spot for walkers (and is part of the South Hill track) with parking available at the reserve/lookout entrance.

The Cape is also popular with mountain bikers and has a number of short, fun runs of varying levels of difficulty. Mountain bikers can also find some great tracks at the Oamaru Reservoir.

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  • 469-on-Thames-Motel-Occupancy.pdf - 202.1 KB

  • Kitchen-fixture-and-fittings-.pdf - 216.9 KB

  • QV-469-Thames-Highway,-Oamaru-North,-Oamaru,-9400-Property-Report-2019-02-22-030601284.pdf - 884.8 KB

  • Title-469-Thames-Highway.pdf - 105.4 KB

  • Laundry,-store-room,etc-chattles.pdf - 218.2 KB

  • Cafe.-chattles-docx.pdf - 212.3 KB

  • Motel-Units-fixtures-and-Fittings.pdf - 301.2 KB

  • Rates-Waitaki-District-Council-469-Thames-Highway.pdf - 84.0 KB

  • Financials-3yrs-to-31-Mar-2018.pdf - 1.9 MB