Mull Street, Glenorchy, 9372

Description

The Glenorchy Hotel – A Landmark Freehold Opportunity

The Glenorchy Hotel is a historic, well-established hospitality and accommodation business, offered for sale as a freehold going concern. It sits on a highly visible corner site in the centre of Glenorchy. The land covers 3,028sqm (more or less) across two titles, with frontage to two streets.

The hotel brings together a busy bar and beer garden, a restaurant, guest rooms, cabins, and a general store that doubles as the local information centre. There’s also plenty of parking, a range of outbuildings and two separate homes. The business has traded for many years and earns income from several sources, which makes it a rare chance to own a well-rounded tourism asset in one of New Zealand’s most striking locations.

Glenorchy is only 45km from Queenstown and is the starting point for many walking tracks and world-famous outdoor experiences. The town draws strong numbers of New Zealand and overseas visitors all year round, thanks to its stunning scenery and closeness to Queenstown. Growth is forecast to stay strong, and the local population keeps rising.

There’s more here than the current business. The large site, central position and favourable zoning open the door to expansion or redevelopment, subject to the necessary approvals. Properties of this size and profile very rarely come up. Buyers have the chance to secure an iconic Queenstown-Lakes asset with income from day one and room to grow.

The business

Sale includes both the freehold and the trading business
A Glenorchy landmark that has been trading for many years
Income from several sources: bar, restaurant, accommodation, cabins and the store
Homes on site for the managers and staff

The land

Two titles, about 3,028sqm in total
Corner site in the middle of town
Space to grow the business

The location

Busy with visitors in every season
On the doorstep of the region’s best-known walks and outdoor adventures
A type of hospitality property that very rarely comes up for sale in New Zealand

For more information or to book a viewing, contact the exclusive agents, Doug Reid and Alastair Wood.

For Sale by Negotiation

Quote Reference: 855395