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Garston Hotel - Art Deco Country Pub
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 1900
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Description Garston Hotel for sale. Excellent location on state highway 6. Awaiting a buyer who sees the huge potential of this freehold investment. Could be a tourist gold mine! Property boarders the Mataura river. Flying fishing for brown trout. An angler's paradise!
Currently leased out on a 3x3x3 lease arrangement with rent reviews undertaken on a two yearly basis which are based on a CPI increase at the first two review dates and then on a market value basis from then on. Lease currently set at $21,000 + GST PA.
Garston hotel for sale is an art deco country pub, fishing lodge and hotel is situated 45 minutes from Queenstown on state highway 6 to Milford Sound and is set on approximately 5,000 square meter and consists of 12 rooms accommodating 23 guests in a mix of ensuite and shared facility rooms, restaurant, lounge, bar/cafe, with large open fire.
The hotel has a one bedroom manager's unit within the complex, but could be extended to create a larger private living area.
The property borders the Mataura river which is thought of as one of the premium trout fishing rivers. The Mataura river is characterized by long willow lined pools jointed by riffles. The fish size is 0.5 - 2 kilogram brown trout. A fly fisherman's paradise.
This business has two cash flow streams opportunities, one being the tourist related bed and breakfast and restaurant business and the other being the strong local bar trade. Other income streams could include building a cafe/coffee day business and other retailing businesses catering for the 500,000 visitors who pass the door each year. This business is waiting for someone with passion, enthusiasm and attitude to increase the bottom line and maximize the full potential of this piece of real estate.
The freehold on this property is listed at NZD 650,000 + GST if any
Email or call Ian Paterson at 0064-3409-0093 for more information on this Hotel business for sale.
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