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Tuatapere, 2, 3 & 4 McFeely Street & 69, 71 & 73 Main Road

Excellent Business Opportunity

$2,300,000 Plus GST (if any)

Listing Number: IV36482
About this listing
Huge Visitor and Local Clientele
An exciting opportunity exists as current owner wishes to retire. You are paying less then the L & B price and gain 5 business opportunities free of charge. All buildings for sale are modern and well kept. The lease for the Four Square supermarket alone returns $56,000 pa, the motels and backpackers are steadily increasing and the new bar café/bottle store is attracting good visitor numbers.

Property information for 2/3/4 McFeely Street and 69/71 73 Main Road Tuatapere.

Situated on the main road through the Western Southland provincial town of Tuatapere on the Southern Scenic Route is this very attractive business opportunity for a new owner.
Modern 4 bedroom home, large modern lockup storage shed. Motel, Backpackers, New café/bar/bottle store and gourmet sausage factory, holiday park with 12 powered sites and 20 tent sites, with a dump station for camper vans, Freehold for Four Square plus a commercial section of bare land.
The land area of 1.907ha is divided into 5 titles each supporting a portion of this total business opportunity. The buildings are modern and very well presented.
The total ingoing asking price is $2,300,000 including land and buildings and stock and plant equating to a WIWO situation.
1) 4 bedroom house and large 20x12 shed is set on 3041 m2 site, this portion of the investment is optional and has an asking price of $300,000.
2) Highway café/bar/bottle store and sausage factory built in 2016 features polished concrete floors, state of the art modern kitchen, bar and bottle store with walk in chiller, Fisher wood and coal fire. Has inside seating for approximately 60 diners plus 40 outside and additional lawn area. The complex is new and roomy with bi-fold doors to separate the bar from the dining room when required. There are toilets servicing both areas. In addition this complex houses a separate area for the manufacturing of small goods including Takitimu sausages.
3) Tuatapere Motels/Shooters Back Packers & Holiday Park. The complex is set on a large 9,028m2 section.
Tuatapere Motels were built in 2002 and is a complex of 4 self contained units each with cooking facilities with dining and open plan living, two double bedrooms, toilet and shower plus large covered decking in front.
Shooters back packers is a two story building built in 2004 with modern commercial facilities for cooking on the ground floor with gas cookers, a walk in chiller, tables and seating plus a large free standing log burner in the communal area. The balance of the ground floor is made up of bedrooms, toilets and showers and the laundry. Adjoining is a spa room and a sauna. The top story has a large lounge with TV, DVD player, darts, table tennis and internet connection with a large balcony through sliding doors. The balance of the top floor is bedrooms and toilets.
The holiday park has 12 powered sites, 2- tent sites, is neatly landscaped, has a mini gold course plus a deer fenced paddock which is home to two pet deer and a donkey. There is a dump station for caravans and campervans on site also.
This portion of the complex including the café/bar, motels, backpackers and Holiday Park has an asking price of $1,300,000

Four Square shop and adjoining section
Directly across the road is the four square shop which is leased to a local family. This business is providing a good income for the owner and is the only significantly sized grocery shop in the district and has a land area of 2833m2 which has main road frontage and is a valuable future asset.
The freehold of the shop and vacant lot has an asking price of $500,000.

Summary:
The combined package of all for sale including the café/Bar/Bottle store/Gourmet small good complex, Motels, Back packer, Holiday park, House and large shed, Freehold of Four Square shop, Vacant commercial section has an asking price of $2.100,000. The stock and plant will also be available at valuation which the vendor estimates at approx. $200,000. Therefor WIWO asking price of $2,300,000 which would be less than the build value. This complex can be purchased as one entire lot or as separate portions.

Tuatapere and surrounding features:
Tuatapere is positioned on the edge of New Zealand's famous Fiordland National Park. It has much to offer including a 3 day walk on the Hump Ridge Track, hunting and fishing, jet boating on the Wairaurahiri and Waiau Rivers, admiring the lush farmland of the area or simply just relaxing with a game of golf.
The town is positioned on the Southland Scenic Route with visitor numbers increasing yearly. This business would suit extended family ownership in a lovely peaceful environment.
Property Information
  • Tenure: Fee Simple
  • Parking: Carparks: 40, Uncovered: 40
  • Property Type: Carpark, Land, Office, Other (Investment), Retail, Vacant, Tenanted Investment
  • Tenancy: Additional Details: Area: Office - 120 Backpackers - 9028 Section - 2833 Motel - 3041 Retail - 3169 Total - 1.9074ha
  • Tenancy 1: Commencement Date: 2008-06-30T00:00:00.0000000, Rental net/gross p.a.: 56000, Rights of Renewal: Yes, Tenant Name: Arron Challis - Four Square, Term (years): 12

Contact Details

Invercargill

Holmwood Real Estate Ltd

Licensed REAA 2008

182 Dee Street
Invercargill
Office website

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