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Balfour Tavern And Motels - FHGC
Location New Zealand
Asking Price Range $500K - $1.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1970
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Owned
Description THE BALFOUR TAVERN & MOTELS FOR SALE IN BALFOUR - NORTHERN SOUTHLAND - SOUTH ISLAND - 3 TITLES COMMERCIAL ZONING - FREEHOLD LAND WITH ROOM FOR EXPANSION - MOTIVATED VENDOR - PRICE REDUCTION
The Bafour Tavern and Motels in Balfour ( the only pub in town!) has been reduced to $550,000 plus GST if any, by very motivated vendors. The complex consists of a licensed tavern with public bar area, spacious dining room and conference area ( seating for 150 for sit down meals), large outdoor deck area for ''alfresco dining'', well stocked bottle store.
The property has 3 brand new motel units and room to build more on the existing property. Campervan power points are also on site to allow for another income stream.
The overall property is constantly well maintained and the current hosts have implemented modern monitoring and security systems.
The above is all housed on 3 titles totalling over 4000 sqm of commercially zoned freehold land with room for expansion.
Owner's Accommodation:
Manager's house includes 3 bedrooms, dining room, kitchen & bathroom is privately layouted in a garden setting.
Welcome to the town of Balfour, situated in the ''Heart of Southland'' on the Waimea Plains. This peaceful rural town sits between the Hokonui Hills and the world-renowned Mataura River on State Highway 94, 20 kilometres east of Lumsden on the Gore-Queenstown highway.
There are 4 fishing rivers located within a 20min drive of town and also 4 golf courses within 20 minutes!
The Balfour Tavern & Motels is well patronised by the local community, passing tourists, visiting sports clubs and the dedicated sportsmen who base themselves here.
This Frehold Property and Business are listed for sale at NZD550,000 + gst if any (Negotiable)
For further information on this Freehold and Business opportunity please email or call Business Broker, Ian Paterson on 0064 3 409 0093.
Click Here To Contact Seller
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