Oamaru, South Island

Substantial FHGC with Further Potential

Land, Buildings and Business $6,050,000

Business Description

Substantial opportunity including 30-unit motel and an entertainment & restaurant complex situated on the busy SH1 just north of the town centre.

Both businesses have a long history in Oamaru and are close to Centennial Park Sports Grounds, Oamaru Racecourse and secondary schools.

Local stadium development is now underway and creating a further need for accommodation in the area.

Oamaru, the largest town of the Waitaki District, has a rich history and proud heritage, enriched by the passionate and perhaps quirky locals.

Tourists love to explore this heritage in the Victorian Precinct. Foodies will love the area and nature lovers can visit the Oamaru Blue Penguin Colony, stroll through the Oamaru Public Gardens, or mountain bike at the Cape or Oamaru Reservoir.

Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.

An Information Memorandum is available to download from our website coffeys.co.nz.

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

We would welcome your enquiry via this website or direct to JOHN CONNELLY.

Business Summary

Marketing Agent

John Connelly

Coffeys

Key Investment Insights

AI generated. Confirm details with the seller.

1. Freehold going concern comprising a substantial motel and entertainment and restaurant complex, offering ownership of land and business operations.
2. 30-unit motel on site, providing ready-made accommodation capacity and steady revenue potential.
3. Entertainment and restaurant complex adds diversified income streams beyond accommodation.
4. Prime roadside position on the busy State Highway 1, just north of Oamaru town centre, ensuring strong passing traffic and visibility.
5. Proximity to Centennial Park Sports Grounds, Oamaru Racecourse and secondary schools, supporting event and school-related demand.
6. Local stadium development underway, creating near-term upside in accommodation and hospitality demand.
7. Established long history in Oamaru, indicating local brand recognition and community integration.
8. Location benefits from Oamaru’s tourist attractions, including the Victorian Precinct, Blue Penguin Colony, public gardens and nearby mountain biking, supporting leisure visitation year-round.
9. Oamaru is the largest town in the Waitaki District, suggesting a regional catchment for guests and patrons.
10. Some listing details are confidential and an Information Memorandum is available, indicating formal due diligence materials exist but access requires confidentiality agreement.
11. Vendor contact is provided via John Connelly, facilitating enquiries and next-step discussions.