Property Ref: 59168
Rare Heritage Building in Oamaru For Sale
Occupying a prominent position in the busy Victorian precinct adjacent to the sheltered Oamaru Harbour this is one of the only significant quality heritage buildings in the area that is still in private ownership. The current owners of 24yrs are now seeking to retire and have reluctantly decided to offer their pride and joy for sale.
Known as ‘The Woolstore Complex’ this was built in 1881 by two prominent Oamaru Grain & Seed Merchants. Constructed of locally quarried limestone in the elaborate Neo Classical style the building was designed by the busiest local architects of the time Forrester & Lemon. In 1889 the National Mortgage & Agency Co bought the building, then when National Mortgage merged with Wright Stephensons the firm became known as Wrightsons NMA Ltd. The name changed again to Wrightsons Grain & Seeds when the building was converted to take bulk grain. It remained as such until 1987 when W.D. Forsyth Ltd – Woolbuyers bought the building, once again to be used for the storage of wool. Now, after extensive restoration it is used by the current owners as a complex with a cafe, gift shop, portrait studio and motoring museum on the ground floor and galleries on the expansive upper floor.
With a floor area of approx. 2,370m2 (source: QV.co.nz) and multiple entrances there is ample scope for tasteful redevelopment. It is easy to imagine this as upmarket ‘inner-city-living’ or perhaps quality hotel accommodation combined with top notch retail (all subject to local body approval). What is needed is a buyer who has the vision and means to transform this building into something truly special.
PLEASE NOTE: Building only for sale. The existing businesses and leasehold land are excluded.
Oamaru is the largest town of the Waitaki District. With one of the country’s oldest public gardens, renowned Victorian architecture, two penguin colonies, a rich heritage, first-class dining establishments, a craft brewery in front of the harbour, numerous golf courses, walking and cycling trails and a whole lot more...there are endless opportunities to experience the best of Oamaru.
To access and download full confidential individual files on businesses for sale on this website, you must first be registered and have ticked the box that you agree to the strict terms and conditions of the confidentiality agreement provided by TourismProperties.com - A two minute process! If you are already registered, you can request full access to this listing’s confidential files by logging in with your existing user name and password. Peter Gale will quickly respond confirming your approval. When your business broker, Peter Gale, emails you access approval you must be logged in to this website to download the confidential files.
Comprehensive-Title-and-Transaction-Report.pdf - 88.8 KB
Title.pdf - 312.1 KB
IEP-Initial-Seismic-Assessment.pdf - 12.1 MB
Ground-Lease-Docs.pdf - 16.4 MB
WDC-Zoning-Rules-III_11-Heritage-Rules1.pdf - 26.0 KB
Feedback-from-Waitaki-District-Council.pdf - 286.0 KB
WDC-Zoning-Rules-III_07-Business-Zone-Rules1.pdf - 265.4 KB