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Property Ref: 4790
Omakau Commercial Hotel – Even your Accountant will Love this Business!
Available for the first time in over 16 years this business ticks all the boxes: * Exceptional financials * Winner of the 2016 (and 2018 Finalist) Best Country Hotel * New 25yr lease * strategic ‘Rail Trail’ location with prominent street appeal * Diversified income stream * On-site 3-bedroom home * Lots of potential for further growth * Realistically priced – the numbers work!
The vendors have carefully restored this beautiful historic N.Z. hotel (built 1898), and transformed it into a town favourite with guests and locals alike (#1 on TripAdvisor!).
The substantial business turnover comes primarily from the bar, restaurant and accommodation. The hotel’s great location and the growth of Omakau means that there is a wide range of customers including locals, rail-trail guests, Kiwi and international tourists and visiting workers. Business ‘booms’ during the warmer months and there is still steady business over winter.
To the rear of the hotel are the original Central Otago Schist stables, built in 1880, and known locally as ‘McKinnons’. They have been partially converted into a stunning venue, perfect for functions and events, such as weddings.
This superb business is ideal for a person or couple passionate about the tourism and/or hospitality industry to earn a very good living and continue to build on the hard work of the current owners. It is priced at a level that, based on recent years’ figures, should allow the new owners to pay off the goodwill relatively quickly and earn a very good income. And the on-site house means that you can separate home and work but still enjoy the significant lifestyle and financial benefits of being handy to the hotel.
This is more than just another ‘country pub’. It is a substantial, ‘iconic’ business with multiple income streams, a compelling bottom line and further potential. Even your accountant should be impressed by the figures!
Further information is available from the broker to approved persons.
Location: The Omakau Commercial Hotel is located on the Corner of Harvey Street and the Main Road (SH 85) in the heart of Omakau. A key location just 150 metres from the Otago Central Rail Trail.
Cycling distance on the Rail Trail:
From Clyde 35 kms; from Alexandra 27 kms; from Chatto Creek 10 kms; from Lauder 9 kms; from Oturehua 32kms; from Wedderburn 44 kms; and from Ranfurly 57kms.
Approximate driving time from key locations:
- Queenstown – 1 hour 20 mins
- Wanaka – 1 hour
- Dunedin – 2 hours
The Restaurant & Bar offers great food, service & hospitality and is popular with the cyclists on the Rail Trail, curling and fishing enthusiasts and visitors. The chefs pride themselves on their flavour and presentation, open 364 days per year for Breakfast, Lunch & Dinner providing guests with great cuisine and good old-fashioned hospitality. The bar is popular with locals and guests, offering a great selection of Central Otago wines, pool table, TAB and gaming.
The Stables – McKinnons: Offering a unique and private location, with beautiful gardens, and Central Otago as your backdrop, the original schist stables are the perfect location for functions and weddings.
Prime South Island Film & TVC Location: The Stables are also a popular location for both the NZ Film and TV industries, and featured in 2 of the Speight’s “Good On Ya Mate” nationwide TV campaigns.
Accommodation: offering a variety of room types, ranging from ensuite rooms, shared facility rooms, through to a bunk room, there is something to suit every guest:
- Hotel: 4 x Bedroom+ensuite; 6 x Bedrooms, shared facilities
- Cabin: 1x Two-Bedroom cabin with a small lounge, kitchenette and private ensuite
- Bunkroom: 1 x Bunkroom, which has a dedicated private ensuite in the caravan park
- Caravans/Camper sites: there are 3 powered sites, located at the rear of the hotel, and these have dedicated ensuites available.
Staff Accommodation: There are 3 caravans used for staff accommodation, and/or contractor overflow, which have their own private bathrooms, in a separate block from guests.
Managers Accommodation: this is an apartment located upstairs within the hotel, and consists of a large bedroom plus ensuite, and built in wardrobe, small lounge, and small storage area. Currently occupied by the Bar Manager.
Owners Accommodation: Fabulous three-bedroom home, master bedroom with ensuite. Spectacular Central Otago views from the large deck. Privacy ensured, as it is located away from the business, but still on site.
This is an exceptional business situated in a great part of Central Otago which is enjoying year on year growth from the multi income streams from Accommodation, Food, Bar, Function Venue hire, Gaming and TAB. The separate owners 87m2 home situated on the large 10,170m2 property ensures privacy from the business operation and surplus land allows for additional accommodation business opportunities to be explored.
There are strong relationships in place with the Rail Trail Operators, Contracting and Trucking firms plus there are solid forward bookings already in place for the upcoming season. Please refer to the Documents tab for further information including the detailed Seismic Report which gave the building a rating of 85%.
This is the perfect opportunity for hospitality professionals that enjoy the great outdoors to make Central Otago their new home and playground, and build upon the success that this business holds. It simply doesn’t get any better than this, lifestyle, location and multiple income streams! Call me now!
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Detailed Seismic Report
Sale TypeFreehold Going Concern