Speargrass Inn, Alexandra
About this business for sale in Central OtagoSpeargrass Inn, Alexandra
Speargrass Inn is being sold as a Freehold Going Concern and is located in Central Otago, NZ
Reasons to buy:
- Potential to develop additional accommodation
- Central Otago lifestyle
- Highly rated on Trip Advisor
- Character buildings
- Multiple 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 ensuite 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 'lowrisk' 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.
+64 9 579 9226
+64 21 177 9760
*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.