Business for sale
Country Lodge Apartments And Restaurant Overlooking Rakaia Gorge For Sale
Location: New Zealand > South Island > Canterbury > Rakaia Gorge
Location map here.
Category: Leisure > Hotels & Motels > Guest Houses/ Apartments
Summary |
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| Asking price: | Expressions of Interest: Furniture / Fixtures and Inventory / Stock included |
Sales and Income Figures: |
Available to genuine enquirers |
Business description
Set on terraces above the magnificent Rakaia Gorge and located adjacent to Scenic Route 72, the national highway running north /south through the centre of the South Island of New Zealand, the landmark Mt Hutt Lodge presides over one of the greatest views available for any commercial site in the country.
The Lodge consists of:
4 timeshare units
all one bedroom - to be called-TS 1,2,3,4
9 privately owned units
3 with 3 bedroom - to be called L 1,2,3
6 standard units - S1,2,3,4,5,6
a restaurant and bar with owners’/managers’ accommodation
a motel unit
3 future development units - which are now passed and consented as 3 titles with full building plans
3 auxiliary titles - AUGD 4, 5, 6
The business for sale is the restaurant and bar along with accommodation for managers, and unit rental including the motel. The property includes the three auxiliary titles and the three future development titles. At the moment the food and beverage side opens 6 nights a week - closed Tuesday. It is felt by the present owners that to maximise income, daytime opening hours would more than double present takings as passing traffic for food and beverage before 5 pm is referred to others. The timeshare units are a constant form of income as they are 94% occupied through the year and are advertised at vacation club expense to more than 3 and a half million members at timeshare expense.
Online accommodation, off road traffic and a fantastic relationship with the information site network fill the other accommodation units.
The timeshare management is not for sale.
PROPERTY DESCRIPTION
The lodge is sited on undulating ground overlooking over the beautiful Rakaia Gorge.
The complex consists of a central restaurant and bar facilities with owner’s accommodation above.
There are four timeshare units.
There are also 9 private dwellings.
The sale includes the following components:
Bar and restaurant
Motel unit
Laundry, drying room and workshop
Excess land - three titles
AUGD 4 1,199 m sq
AUGD5 9,500 m sq.
AUGD 6 900m sq.
PLUS
Three development units consented and plans passed.
ZONING
The property is Zoned Rural B under the proposed Selwyn District Scheme notified November 1, 2001.
LOCATION
On the National Highway, Scenic Route 72/77, situated approximately 80 kms southwest of Christchurch, 16 kms north of the township of Methven, the lodge is ideally located to take advantage of the many recreational pursuits the district has to offer. These include the Mt Hutt Ski Area, 3 quality golf courses: Terrace Downs (rated in the top 5 in NZ), and top country members courses, Methven and Hororata; The Rakaia River and the magnificent alpine high country famous for trout and Chinook Salmon. (It is not uncommon to catch 20 lb salmon directly out the front on the river frontage.) The restaurant, bar, and accommodation draw business from the Timeshare and casual guests staying, plus passing business from the adjacent National Highway and the 150 site campground across the river as well as “locals” from Methven, Ashburton, Darfield and the surrounding district.
LAND
The site is irregular in shape and is flanked by State Highway 72 and the Zig Zag Road, which provides a sealed entrance and extends northerly towards Lake Coleridge, Terrace Downs, and the Arthurs Pass.
The site follows the contours of the Zig Zag Road with a level building platform on two distinctive plateaus and then at a southern boundary that falls steeply to
Highway 72.
As described earlier the property has excellent vistas of the Rakaia Gorge, Mt Hutt and south towards the sea - a magnificent panorama of the river and river frontage.
RATING VALUATION: not including the future development units that have recently received Resource Consent and Planning permission.
As of June 2009:
Land Value- $500,000
Improvements-$ 225,000
Rateable Capital Value- $750,000
FUTURE DEVELOPMENT UNITS
Expressions of interest
- Can be sold as development block
Floor area
unit GL-76 sq m
unit GK-53 sq m.
unit GJ- 76 sq m
SERVICES
The complex has its own self-contained sewerage system and an upgraded Council water supply. It also has a back up facility with a natural spring located on site
Other information
| Expansion potential: | Unlimited. |
Planning consent: |
Yes |
Competition / Market: |
Stands Alone. |
Support & training: |
On the job training on takeover |
Reasons for selling: |
Retirement Plans, however the owner/chef is willing to remain. |
Trading hours: |
365 days per year |
