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Property Ref: 1398

Ranfurly Hotel, Central Otago – ‘Passive’ Freehold Commercial Investment with New 20 year Lease!

Property Type: Country Pub, Commercial Real Estate, Investment Opportunities

Sale Type: Freehold Investment

Region: Central Otago, Otago

Physical Address: 10 Charlemont Street, Ranfurly, Central Otago, New Zealand

Price: Freehold Land & Buildings $1,000,000 + GST (if any)

Broker: Peter Gale

Mobile: +64 21 608 107


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. Rental is set at $70,000 pa plus a compulsory ‘repair account’ fund equivalent to 17% pa of the annual rental to ensure that the building remains at a high standard.

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.

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IEP Earthquake Report


Code Compliance Cert

Rating info 3 Northland Street

Rating info 10 Charlemont Street

Rating Info 12 Charlemont Street

Property Info

Property Details

Property Type

Country Pub
Commercial Real Estate
Investment Opportunities

Sale Type

Freehold Investment


Central Otago Otago

Physical Address

10 Charlemont Street, Ranfurly, Central Otago, New Zealand


Freehold Land & Buildings $1,000,000 + GST (if any)

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



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