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Omakau Commercial Hotel Thriving Central Otago Freehold Business For Sale

Omakau, Otago
Asking Price:
$1,750,000 (NZD)
Sales Revenue:
$1M - $5M (NZD)
Cash Flow:
$500K - $2.5M (NZD)

Omakau Commercial Hotel is for sale for the first time in 15 years! Winner of the 2016 Best Country Hotel this not only ticks all the boxes, but also has Olde-Worlde heart and charm woven into every inch, from the garden to the restaurant! Omakau Commercial Hotel is an integral part of the local community, and a key location on the Central Otago Rail Trail.

The current vendors have carefully restored this historic NZ hotel (built circa 1898), transforming it into a stunning favourite with guests and locals alike (#1 on TripAdvisor!). Included are the original Central Otago Schist stables, built in 1880 and known locally as ‘McKinnons’, now converted into a character venue, perfect for functions and events.

Location: The Omakau Commercial Hotel is located on the Corner of Harvey Street and the Main Road (SH 85) in the heart of Omakau. It is a key location just 150 metres from the Otago Central Rail Trail and an easy drive to main Central Otago townships.

Services/Amenities include:

1) Restaurant & Bar

2) The Stables - McKinnons - function venue. 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.

3) Hotel Accommodation: offering a variety of room types, ranging from ensuite rooms, shared facility rooms, through to a bunk room

4) Caravans/Camper sites: with 3 powered sites, located at the rear of the hotel, and these have dedicated ensuites available.

5) Staff Accom: 3 caravans are available for staff accommodation, and/or contractor overflow, in a separate block from guests.

6) Managers Accom: 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.

7) Owners Accom: 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.

Property information

Real Estate:

Real Property Included

Living Accommodation:

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.

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

Premises Details:

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.

Business Operation

Years established:
Over 100 yrs

Other Information

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