The Marine Hotel Whakataki - $599000

Description

This icon of the Wairarapa coast has huge potential to make good money & is only being sold due to the owners health. The 2.5 acres is surrounded by a golf course & you can see the ocean from upstairs & located to capture passing trade to Castlepoint & Mataikona beaches. There are several income streams - the self contained fisherman's cabin sleeps 9, five cabins sleep 2-5 people & have shared facilities. In summer along with 4 caravan sites, tents spread across the land still leaving room for cricket & BBQs & Rural Fuels pay to rent a tank site. Build more cabins, up market chalets for golf weekends or possibly sell off a section or two. The Hotel has recently had a lot of money spent, plus new fire alarm system, fire escape, emergency lighting & has a new building warrant of fitness. Upstairs a self contained 4brm owners accommodation + 5 guest rooms, the two with ensuite $90 per night down to a single @ $45 - weddings at the local hall can book out all rooms & cabins as well. The Pub is independent so you are not tied to any particular brewery - the Bar is a good size, new systems installed & chiller is just 5yrs old. The dining room seats 28 & opens onto a large sundeck for alfresco dining & beyond to the garden bar - private & sheltered with BBQs & toilets - a great place for families with a kids playground all very family friendly. The kitchen is sometimes so busy they turn away casual diners in preference to guests & the takeaway market is yet untapped. A purchaser who is motivated to further develop this property could create something special & build an empire! Price includes land & buildings, fixtures, fittings & chattels - a going concern $650,000- the owner is happy to give guidance & instruction for a period if required.