Property Ref: 67892

add to watchlist
remove from watchlist

Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment

Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 1Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 2Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 3Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 4Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 5Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 6Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 7Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 8Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 9Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 10Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 11Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 12Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 13Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 14Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 15Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 16Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 17Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 18Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 19Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 20Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 21Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 22Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 23Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 24Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 25Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 26Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 27Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 28Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 29Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 30Ranfurly Hotel, Central Otago – 'Passive' Freehold Commercial Investment 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. 

There is a new, secure 20-year fixed-term lease in place to the hotel business, with 2 yearly rent reviews .


At an asking figure of NZ$1M + GST (if any) for the FREEHOLD including 3,774 sqm of land and buildings this is an outstanding investment opportunity with a solid return and upside potential with future rent reviews.

 

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

  • 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

  • Valuation - 2.2 MB

  • Lease-Ranfurly-Hotel.pdf - 2.7 MB