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Central Otago Lifestyle Property Plus Tavern For Sale

Central Otago, Otago, New Zealand
Asking Price:
$500K - $1M (NZD)
Sales Revenue:
$250K - $500K (NZD)
Cash Flow:
$250K - $500K (NZD)

Central Otago Lifestyle Property…
…with your very own Country Tavern!

This superb property sits about half-way on the Otago Central Rail Trail and is only 10 minutes’ drive from Ranfurly and Naseby, approx. 90 mins from Dunedin and less than 2 hrs from Queenstown and Wanaka. Set on over 4 hectares (approx. 10 acres) of well-fenced paddocks this is ideal for ponies, sheep or even your very own kids trail bike track! Improvements include the well-appointed family home together with various outbuildings, plus the historic Wedderburn Tavern, built circa 1885.

This property is an ideal retreat from the rat race, with an established hospitality business and, for the more ambitious buyer, a superb opportunity to create something very special on the back of the passing tourist traffic. Personally I can imagine this as a mini ‘Ale-House’ or even a boutique brewery; there are many possibilities! Or just relax and enjoy the superb Central Otago lifestyle.

While this freehold going concern (property plus business) owes the owners over $1M and their price expectations were originally around $800,000, they are now open to any sensible offer.

Further Information
Built in 1885, the historic Wedderburn Tavern was once the preferred stop-over for coaches and wagons and is now the favourite destination for Rail Trail cyclists. Located close to the summit and at the halfway point of the Rail Trail, Wedderburn is the perfect stop to explore and experience the uniqueness of Central Otago.
The Tavern enjoys strong patronage primarily from locals and guests of the Wedderburn Cottages located directly opposite. The restaurant can cater for up to 50 diners and is also a popular venue for functions ranging from 21st birthdays to duck-shooting groups and hunt clubs!
Visitor accommodation currently has shared bathroom facilities and a family room with a cosy fire place, games, TV and DVD with the guest rooms comprising:
• The 140-year old mud brick musterers’ quarters with one double bed and one single bed
• The original Wedderburn Tavern dairy, also built of sun-dried mud bricks has two singles beds or a king bed
• Three comfortable bedrooms in the tavern

The owner’s accommodation consists of a 4 bedroom, 2 bathroom, 2 living area mud brick home, which had significant renovations completed in 2011.
There are many opportunities for motivated operator/s to take this business to the next level by leveraging against the ever-popular Rail-Trail traffic. Perhaps further enhance the restaurant and/or construct additional accommodation facilities. There is also the added bonus of great forward bookings in place for the next operator.
This is a very good business situated on the Rail Trail offering great accommodation, bar and restaurant facilities plus a large owner’s home with a great outlook of the surrounding mountain ranges and rural environment. With proven cash-flow this business ticks all the boxes for a business, home & lifestyle.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

The owner’s accommodation consists of a 4 bedroom, 2 bathroom, 2 living area mud brick home, which had significant renovations completed in 2011.

Location:

This superb property sits about half-way on the Otago Central Rail Trail and is only 10 minutes’ drive from Ranfurly and Naseby, approx. 90 mins from Dunedin and less than 2 hrs from Queenstown and Wanaka.

Premises Details:

Set on over 4 hectares (approx. 10 acres) of well-fenced paddocks this is ideal for ponies, sheep or even your very own kids trail bike track! Improvements include the well-appointed family home together with various outbuildings, plus the historic Wedderburn Tavern, built circa 1885.

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