Kaikoura, South Island

Capitalise on Resurging Hospitality Sector

Business Lease $699,000

Business Description

This property has been presented to cater for the high end market in the boutique accommodation sector.

It is positioned on the Esplanade with iconic views of the sea and the mountains. Originally built circa 1870 as Kaikoura's general store, it has had many incarnations since, none more polished and desirable as now. Due to the outstanding location and vision of the recent and current owners it has been remodelled. Excellent carpentry skills and a very good eye for chattels and fixings, it is now presented to the high end of the market.

The income after Covid-19 is rapidly getting back to the good times and going forward we feel that hospitality is recovering very quickly, as it did after the Kaikoura earthquakes.

The food side of this Boutique Hotel has been scaled-back to serving breakfast for hotel guests breakfast and platters for the bar, which is also open to the public from 2pm. The hotel liquor licence is from 8am to 9pm daily. A previous owner operated a very successful restaurant (the current owner a successful all-day cafe over the covid years) - presenting a new owner with a food-focus an opportunity for expansion - or to sublease to a chef.

Opportunity and class that is what this property offers new operators, don't miss this.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.

We would welcome your enquiry on the Business Lease of this Hotel for sale in Kaikoura via our website or by phoning INKY STOVE on ---------- , DDI ---------- or ---------- .

Business Summary

Key Investment Insights

1. Prime location on the Esplanade with iconic views of the sea and mountains.
2. High-end market catering to boutique accommodation sector.
3. Remodelled and presented with excellent carpentry skills and attention to detail.
4. Income rapidly recovering after Covid-19, similar to recovery after Kaikoura earthquakes.
5. Opportunity for expansion in food offerings, with previous successful restaurant operation.
6. Hotel liquor license from 8am to 9pm daily.
7. Confidential details available upon completion of confidentiality agreement.
8. Information memorandum available on website.
9. Experienced and knowledgeable agent available for inquiries.
Listing location

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