Manager's Residence 3D Tour: https://my.matterport.com/show/?m=Ae4oUj8E8WE
Unit 1 3D Tour: https://my.matterport.com/show/?m=Yj94kbGkXfL
Purchase, Develop or Expand, The Golden Fleece Hotel and Motel in Waikouaiti presents an opportunity to leverage a strong commercial business and experience the freedom of entrepreneurial ownership, with the potential to grow and expand. Established in 1966, the business has shown extensive growth, particularly over the last 2 years, with the current owner refurbishing and reopening the restaurant for service.
Comparison:
Auckland; $1,890.000 buys you just one house.
Otago; $1,880.000 gives you a 3 bedroom separate House, 4x double Motel Units, Hotel with Bars, Restaurant, Gaming & TAB plus 80x Car Parks & a sub-dividable area with no loss of parking assets.
Multiple income streams on offer here. Operate the whole complex yourself or Lease and reap the benefits as a Landlord, Live in the Separate house or rent it out, Sub-divide land or increase the Motel units to 10 by adding a further 6. Hotel Bar & Restaurant may be Leased as individual entities as they are completely self contained offering two separate Business & Income streams. House, Motels & Hotel, Bottle Store, Gaming Machines & TAB terminal all offering separate income streams for the same price as a dwelling in Auckland. All this with a Quality, Relaxed Lifestyle, Skiing & Lakes nearby.
Overview:
The Public Bar:
One end of the building houses the hotel bar, which features a Wood-Burner & Air Conditioning, TVs and a big screen above the bar for streaming popular sports games and Music, as well as a pool table and darts board. The bar also includes an enclosed outdoor patio, a 9-machine gaming room, a self-service TAB terminal, and a digital jukebox. Adjacent to the bar, the bottle store has its own entrance and caters to a wide range of customers, offering items such as ice creams, soft drinks, and snacks. There is also an opportunity to expand the product range in the bottle store, including a broader selection of alcohol and cigarettes and to also join a nationwide Liquor Chain.
Southern Smokehouse Restaurant:
The restaurant, with Two separate entrances, multiple Toilets, and its own Bar with Espresso machine, has the capacity for 120pax inside and 90 plus on the deck grass area. The large commercial kitchen and smokehouse caters for both dine-in and takeaway food. With a Log-Burner & Air Conditioning. Additionally, the kid's corner and two large TV screens provide entertainment options, whilst the karaoke, Sounds & Lighting equipment & dance floor create another prospect to increase business hosting events, Quiz nights, Bingo, DJ's, Live Bands and functions.
Motels:
The Motel Complex offers four accommodation units with car ports. There are two one-bedroom units and two two-bedroom units all with kitchenettes, Freeview TV's and rural views to cater for individuals, couples and families. With the potential to expand the motel complex, to generate further income. Completing the Motel is the sunny and spacious, three-bedroom managers or owners' residence with separate large Kitchen, Dining Room and Sunken Lounge with terrace doors.
Solar:
Another attractive attribute of this property is the 74 solar panels perfectly positioned on the roof to draw on maximum energy, these provide up to 42kw at 3-phase, excess is sold back to the grid which significantly contributes to the reduction of one of the main traditional overhead costs a business incurs.
Reputation:
Customer reviews highlight positive experiences with the 5 Star food reviews and service, suggesting a strong reputation within the community and the business's established clientele base creates a solid foundation for future growth.
Location, Location, Location:
198 Main Road Waikouaiti 9510 Otago, we're on top of the hill in Waikouaiti on State Highway #1.
General:
The dual on-site EV Charging Station, the East Otago Events Centre and modern public toilets across the road, contribute to the Golden Fleece being a popular destination for locals and travelers alike.
Offering a huge 1180m² Floor space and 6979m2 of Land the options are numerous to continue with the present operations or add your own additions. This is a fully operational FHGC, Licensed & Compliant Premises, walk in and Go or incorporate your own ideas. Tourism is on the rise and the Summer period is here.
Genuine reason to market, these experienced Owners are ready to retire, it's your time to reap the profits! New owner hand-over assistance is offered should you desire it.
Asking Price $1,880,000 Negotiable + GST (If any) (sold as a going concern).
All genuine queries answered. Thank You.
Contact Stephen Robertson on 0274 731 112
