Criterion Hotel Freehold Going Concern, Waimate - HUGE PRICE REDUCTION, Buyer Options!

Present All Offers

Offers around $600k plus stock at valuation + GST if any may secure this multi Income stream opportunity.

CRITERION HOTEL FOR SALE - FHGC - WAIMATE - SOUTH ISLAND - NEW ZEALAND - LARGE BUILDING AND LAND AREA - BUYER POTENTIAL TO CREATE A NUMBER OF INCOME STREAMS - BOUTIQUE ACCOMMODATION - WEDDING VENUE - FUNCTION CENTRE - BAR WITH GAMBING MACHINES - OPTION TO BE THE LANDLORD AND CREATE SEPERATE LEASES!

CRITERION HOTEL is an exceptionally built hotel is ideally suited for a number of income streams including weddings, boutique accommodation, function centre, public bar with gaming with separate entrance and perhaps separate leases.

CRITERION HOTEL CONFIGURATION:

PUBLIC BAR - GAMING MACHINES:  Currently there is a public bar with gaming machines in the southern corner of the complex with it's own entrance.

RESTAURANT: The Restaurant with a full commercial kitchen also has it's own entrance from the car park along with an outdoor enclosed beer garden. The Restaurant is ideal for private functions.

BAR FACILITIES:  The Private Bar has it's own entrance via the main doors of the Hotel and is ideal for private functions.

FUNCTION CENTRE:  The Function Centre again has private entrance via the main entrance to the Hotel and opens out into a very private and beautiful garden with established trees.

ACCOMMODATON DETAILS: In terms of the Accommodation rooms upstairs, their is a great opportunity to turn existing share facility rooms into ensuited rooms - perhaps room for 8 ensuited rooms on the first level of the Hotel could be created within the existing structure.

BROKERS COMMENTS: This a great opportunity to purchase this complex for a faction of it's replacement value and add value, create multi income streams and enjoy the awesome lifestyle this part of South Canterbury offers.

MOTIVATED VENDOR:   The Vendor is very motivated to sell.

BUYERS -  OTPIONS TO PURCHASE :  Buyers who are seriously interested in purchasing the Criterion Hotel and who will consider trading and/or want to explore to possibility of Vendor Finance please call immediately.

BROKER CONTACT DETAILS:  For further information on the sale of CRITERION HOTEL in Waimate please contact the HOSPITALITY BUSINESS BROKER Kevin Johnson either via this website www.tourismproperties.com or by phoning on 0274 667 930 or 03 310 7487 or email: kevin@tourismproperties.com 0800 HospoBroker

Waimate is a town and district in the South Island of New Zealand. It is 45.7 km south of Timaru in south Canterbury, 20 km north of the Waitaki River.

The population of Waimate District at the 2006 census was 7,206 people and has an area of 3,582.19 square kilometres .

Waimate is well-known locally for its population of Bennett's wallabies. These marsupials were introduced from Australia and now live in the wild in the countryside surrounding the town. Wallabies are also farmed locally and sometimes exported to zoos.

Price is GST if any.