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Accommodation Business For Sale in North Vic Otago

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Speargrass Inn, Alexandra

Location:North Vic, Otago

Category:Accommodation

Asking Price:$995,000

995000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Speargrass Inn, Alexandra
  • Speargrass Inn, Alexandra
  • Speargrass Inn, Alexandra

Business description

Speargrass Inn is being sold as a Freehold Going Concern and is located in Central Otago, NZ

Reasons to buy:Potential to develop additional accommodationCentral Otago lifestyleHighly rated on Trip AdvisorCharacter buildingsMultiple income streams

Established in 1869 as the Speargrass Hotel, this beautiful historical building now offers a modern cafe/restaurant and function venue, as well as three elegant and superbly appointed en-suite rooms. The owner's accommodation is a very cosy loft apartment.

Speargrass Inn caters for a wide variety of functions, such as weddings, work functions and family occasions, with the private dining room catering for up to 15 people and the main restaurant up to 45 people.

Beautifully restored in 1987, it was built to code and has received a 'low risk' seismic assessment from the Council. The 3 units were built in 2000 to the same high standard.

Located in Central Otago, the property is on the main highway, and only a 10 minute drive from Alexandra, 80 minutes to Queenstown/Wanaka and 2 hours from Dunedin.

Reference: EL01236
Ref: EL01236
Timestamp: [Phone Number Censored]

Other Information

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