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Idyllic Lifestyle, the New Riverstone Karamea Boutique Accommodation & Restaurant / Bar

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Property ID: THL21-1039
Property Type: Motels, Lodges, Other Accommodation, Bars, Restaurants
Sale Type: Freehold Going Concern
Region: West Coast
Address: 2 Arapito Rd, Karamea
Price: Price - offers Around $1,650,000 Plus stock at valuation + GST if any
Kevin Johnson
Hospitality Business Broker
Phone: 03 310 7487
Mobile: 027 466 7930
Email: kevin@tourismproperties.com

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PROPERTY INFORMATION
PROPERTY INFORMATION

Change of circumstance means this Dream could now be yours

The Riverstone Karamea overlooks the Karamea River, with stunning near 360° degree views

This "As New" complex is built on an elevated 4500sqm section and comprises of:

  • A Stunning Restaurant & Bar building covering approximately 179sqm and a further 80sqm of north facing decking.  The layout includes an attractive reception area/ gallery, bar and open plan restaurant, modern and well appointed kitchen (designed by the chef), Managers office, toilets, store rooms etc.  The Chattels are of a high standard and include a large double faced open fire place.
  • Two very well appointed 2 Bedroom, self contained Chalets. These include full cooking facilities, wet floor shower, double beds, 15sqm deck & carport
  •  Elaborate split level, 3 Double Bedroom Managers Residence, ensuite and walk in wardrobe, large open plan kitchen, dining and living which opens onto a north facing deck. Attached double garage.

Wheel chair access is well catered for in both the Restaurant and one of the chalets

The Current owners have spent around $1.7 million  on building and setting up this fantastic property however are realistic and prepared to meet the market.

Don't let this opportunity pass, call me today, your specialist Hospitality Business Broker, Kevin Johnson, 0800 HospoBroker


FEATURES
FEATURES

Karamea is a town on the West Coast of the South Island of New Zealand.

It is the northernmost settlement of any real size on the West Coast, and is located 96 kilometres north-east by road from Westport. The road north finishes at the western end of the Heaphy Track. The Karamea River flows past the town to the south and into the Karamea Bight, part of the Tasman Sea.

The population was 630 in the 2006 Census.

The name Karamea is Maori - despite local jokes suggesting it was named by an Italian for his love - and is thought to either mean "red ochre" or be a corruption of Kakarataramea, "the smell of speargrass leaves". The large bay formed by the curve of coastline north for 100 kilometres from Cape Foulwind is called Karamea Bight.

The Oparara River runs through the area, and the Oparara Basin Arches, large natural river tunnels, are a well-known tourist destination. The Karamea River flows into the sea just south of the main township, and there is a large lagoon which completely clears of water at low tide, and completely fills with water at high tide.

Karamea township offers local services including a general store, supermarket, petrol pumps, information centre, cafe, hotel, camping ground, motels, backpackers and art & craft shop

The West Coast is one of the administrative regions of New Zealand, located on the west coast of the South Island, and is one of the more remote and most sparsely populated areas of the country. It is made up of three districts: Buller, Grey and Westland. The principal towns are Westport, Greymouth and Hokitika