Property Ref: 67892

add to watchlist
remove from watchlist

Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business

Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 1Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 2Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 3Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 4Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 5Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 6Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 7Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 8Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 9Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 10Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 11Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 12Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 13Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 14Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 15Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 16Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 17Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 18Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 19Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 20Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 21Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 22Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 23Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 24Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 25Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 26Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 27Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 28Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 29Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 30Ranfurly Hotel, Central Otago – Freehold Hospitality & Accommodation Investment and/or Business 31
  • 1.JPG
  • 3.JPG
  • 4.JPG
  • 2.JPG
  • 6.jpg
  • 7.jpg
  • 5.jpg
  • 8.jpg
  • 11.JPG
  • 10.JPG
  • 9.JPG
  • 12.JPG
  • 16.JPG
  • 17.JPG
  • 18.JPG
  • 19.JPG
  • 14.JPG
  • 13a.JPG
  • 13.JPG
  • 15.JPG
  • 22.JPG
  • 21.JPG
  • 20.JPG
  • 23.JPG
  • 24.JPG
  • 26.JPG
  • 27.JPG
  • 25.jpg
  • 28.JPG
  • 29.JPG
  • 30.JPG

Property Information

The Ranfurly Hotel is a striking Art Deco building, dating back to the mid-1930s, that has recently been significantly refurbished. Strategically positioned on the booming Central Otago Rail Trail it enjoys substantial patronage from tourists as well as the local market.

The successful business is underpinned by several income streams from the accommodation, bar, restaurant and liquor store.

The business is currently also controlled by the freehold owner but if you wished to purchase the freehold only there is an opportunity to negotiate a new lease with a market-based return.

At an asking figure of NZ$1.35M + SAV (plus GST if any) for the FREEHOLD GOING CONCERN this is an outstanding opportunity.

NOTE: The business is available separately for NZ$350,000 plus SAV (approx. $60,000) (all plus GST if any) and the Freehold (including 3774 sqm of land) at NZ$1M (plus GST if any).

 

Famous for its Art Deco architecture, Ranfurly is a bustling service hub in the heart of the Maniototo. 

Situated alongside the Otago Central Rail Trail, Ranfurly is a one-hour drive from Alexandra and one-hour and 40 minutes from Dunedin city. 

When the rail came through in a direct line from Waipiata to Wedderburn it cut off Naseby, the area’s original hub. Relocating the small township of Eweburn about 5km northwest of Ranfurly was at first considered to provide a new service centre. However, Ranfurly, named in honor of Lord Ranfurly, the fifth Governor General of New Zealand, took that distinction. The old Eweburn post office is now located beside the Ranfurly Railway Station site and many of the main buildings were relocated from Naseby. 

Art Deco style shops and homes sprung up rapidly in the 1930s after the town went through a series of suspicious fires. The spectacular two-storey, Art Deco style Ranfurly Hotel, complete with balcony overlooking the main street, was rebuilt in 1934. The Art Deco Fenton Library also boasts Central Otago's last remaining independent radio station. 

In February the town comes alive and its population swells with visitors keen to partake in the Ranfurly Art Deco Festival. People dress in the fashion of the era and enjoy the entertainment. 

A strong, passionate community ensures the town has a wide selection of clubs, a hospital, fire station, arts centre, churches, information centre, two primary schools, a secondary school and retirement village. 

Ranfurly is a great base for recreational pursuits with bike hire, accommodation and dining, curling, four wheel drive tours, mountain biking tracks, horse treks, fishing and hunting all readily available. 

There is much on offer in Central Otago's Ranfurly not least its Art Deco architecture – seldom seen to the same extent elsewhere in New Zealand.

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.

  • Code-Compliance-Cert.pdf - 891.5 KB

  • ISA-Guidance.pdf - 2.8 MB

  • IEP-earthquake-report-2016.pdf - 2.8 MB

  • Terralink-Property-info-not-guaranteed-current.pdf - 753.4 KB

  • Renewal-of-on-licence-June-2017.pdf - 727.2 KB

  • Accounts-6yrs-to-31-March-2018.pdf - 990.2 KB

  • Rating-info-3-Northland-Street.pdf - 89.1 KB

  • Titles-summary.pdf - 521.7 KB

  • Rating-info-12-Charlemont-Street.pdf - 87.0 KB

  • Rating-info-10-Charlemont-Street.pdf - 89.5 KB