Riversdale Hotel for sale - FHGC - Northern Southland - State Highway 94 - Prime Dairy Conversion Country

 RIVERSDALE HOTEL
FREEHOLD GOING CONCERN FOR SALE
QUALITY CHATTELS & RENOVATIONS
BARS,RESTAURANT & ACCOMMODATION

Located on State Highway 94 in 
Prime Dairy Conversion Country 
Vendor Finance

RIVERSDALE HOTEL is a lot of FREEHOLD REAL ESTATE [ land area approx 3,036m2 ] and there is a further option to purchase approx 1012m2 section located at the rear of the hotel.

An inspection of this Hotel will show a quality Hotel Operation with significant capital expenditure evident. The bar has great ambience, the restaurant and dining areas are beautifully decorated and in stong demand for functions.

Riversdale Hotel is an important part of the local community.

RIVERSDALE HOTEL CONSISTS OF:

Public Bar, Lounge Bar, Restaurant and Outdoor Courtyard, Gaming Room, TAB, Bottle Shop, Six Accommodation Rooms with Shared Facilities and  Office. Laundry and the service areas are excellent. Fork Lift, Ride on Mower and Courtsey Coach. There is a Pool Table and Jukebox which also helps with the income streams.

Owners/Managers Accommodation - Located on the 2nd floor this is a large area which is private from the guests area.

The HOTEL has been RECENTLY REFURBISHED along with the courtyard area which is such a benefit to the patrons as it is a large sheltered area and the perfect place to dine outdoors and soak up the sun. The Hotel is extremely well maintained.

The HOTEL is 30k from Gore. Queenstown, Invercargill & Dunedin Cities are around 1.5 hours drive and being on the State Highway 94 is the scenic route between Dunedin and the tourist regions of Te Anau and Milford Sound.

Great primary school and just 20 minutes from excellent High School. This place is full of great community spirit and has rugby, golf, bowling, squash and tennis clubs on the doorstep, you just have to cross the road!

FINANCIALS:  Financial and supporting information can be accessed from the download links. PLEASE NOTE that files containing business sensitive information are password protected.

BROKERS COMMENTS:

This a a fantastic opportunity to secure a Freehold Going Concern and have the choice of having it run under management or move in and live on and off the business. There is the option of exending the accommodation side of the business as this hotel is located in a thriving rural community which is under going change with the dairy conversion. Southland is experiencing growth in the dairy farming sector, coal and lignite mining, off shore oil exploration and has strong tourism visitors who visit the South Island from all over the world.

This is a serious amount of REAL ESTATE and BUSINESS  for the price with potential to expand. Excellent investment where you can LIVE IN AND OFF THE BUSINESS.

VENDOR FINANCE:  There is the possibility that there could be vendor funding available.

For further information on the sale of this RIVERSDALE HOTEL in Northern Southland, South Island, NEW ZEALAND please contact Tourism & Hospitality Business Broker, Phil Agent on 021 433 973 or 0800 744 572 or via email: phil@tourismproperties.com

Riversdale is a small town in the Southland region of New Zealand. The population of Riversdale in the 2006 Census was 393, an increase of 30 people, or 8.3%, since the 2001 Census.

Geography
Riversdale is located between the Hokonui Hills and the Mataura River in the heart of the Waimea Plains, and is roughly equidistant between Gore and Lumsden on State Highway 94, the main road linking Gore with the tourist destination of Milford Sound.

In terms of climate, Riversdale has a temperate oceanic climate grading onto a continental climate more commonly found in Central Otago, with cold, wet winters and warm summers. The Riversdale region is one of the few areas in Southland prone to drought during the summer months.

Railway
In 1880, the Waimea Plains Railway was opened; it linked Gore on the Main South Line with Lumsden on the Kingston Branch and passed through Riversdale. The line was an important economic link for many years, and the original Kingston Flyers that gave their name to today's Kingston Flyer tourist train in Kingston passed through Riversdale on their way to Gore or Dunedin\ from the 1890s through to Easter 1957.

With the improvement of road transportation and changes in government regulations, the railway lost its profitability, and in 1971, most of the line was closed, including the section through Riversdale.