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Property Ref: 3462

Cave Arms Tavern South Canterbury

Property Type: Country Pub

Sale Type: Freehold Going Concern

Region: Canterbury

Physical Address: 57 Elizabeth Street, Cave, South Canterbury, N.Z.

Price: $495,000

Broker: Peter Gale

Mobile: +64 21 608 107

Email: peter@tourismproperties.com

Is it time to slowdown and smell the roses?

Then this lifestyle, owner operator country tavern is a must view  

  • Three Titles
  • Separate 3 Bedroom House made from Oamaru stone
  • Huge Beer Garden, with Childrens Swing Set Idea for private functions & weddings
  • No Staff needed couple with F&B experience can easily operate this business
  • Tidy Fit Out Through Out
  • Low Maintenance Block Construction
  • Good Turnover
  • Great Local Support

This business is also a popular stop of for weekend travelling groups like

  • Sunday motorbike Riders
  • Hot Rod/ Vintage Car Rallies
  • Fishing Groups, excellent trout fishing nearby
  • Rugby Trips etc

Brokers Comments:

This property is ideally suited for couples that are looking for a lifestyle business, freehold and no landlord. It’s ideally situated and only 2 hours from Christchurch and Dunedin. The exterior building and roof were recently painted. If you have a passion for food and enjoy being hands on in your business this is a must.

Timaru is a major port city in the southern Canterbury region of New Zealand, located 160 kilometres south of Christchurch and about 200 kilometres north of Dunedin on the eastern Pacific coast of the South Island. The Timaru District is a territorial authority of 42,867 people (2006 census) in and around the former Timaru City (27,200) includes a prosperous agricultural hinterland with links to smaller rural communities such as Pleasant Point (1,170), Temuka (4,044), and Geraldine (2,244). The town of Waimate is about 40 kilometres to the south on the road to Oamaru and Dunedin.

Caroline Bay beach is a popular recreational area located close to Timaru’s city centre, just to the north of the substantial port facilities. Beyond Caroline Bay, the industrial suburb of Washdyke is at a major junction with State Highway 8, the main route into the Mackenzie Country. This provides a road link to Fairlie, Twizel, Lake Tekapo, Aoraki/Mount Cook and Queenstown.

Timaru has been constructed on rolling hills created from the lava flows of the extinct Mt Horrible volcano, which last erupted many thousands of years ago. The result is that most of the main streets are undulating, a clear contrast with the flat landscape of the Canterbury Plains to the north.

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Financials Y/E 2019

IEP (Earthquake) report

Chattels List

Quotable Value (QV)

Property Details

Property Type

Country Pub

Sale Type

Freehold Going Concern

Region

Canterbury

Physical Address

57 Elizabeth Street, Cave, South Canterbury, N.Z.

Price

$495,000

Contact Agents

Peter Gale - Tourism Properties Broker

Peter Gale

Tourism & Hospitality Business Broker
South Canterbury, Waitaki, Otago & Northern Southland
International: +64 21 608 107
NZ Mobile: 021 608 107

Email: peter@tourismproperties.com

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