Substantial FHGC with Further Potential

Waitaki
Reference: OS899
Motel / Motor Lodge
Land, Buildings and Business $6,050,000

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.

The motel business has recently secured a significant long-term corporate booking for 22 units for 6 months, starting September 2025. This booking has been made at the normal daily unit rates. It is likely that the small number of remaining units available will achieve very high occupancy.

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.

Resource Consent to separate an additional parcel of mostly vacant land of 6,911 square metres zoned residential, with access to State Highway one. Potential here?? (Please note that we have not made enquiries with the local authorities in relation to consenting matters.)
A total parcel of land 15,281 sqm in a very high-profile location.

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.

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 Land, Buildings and Business of this Motel and Entertainment Complex for sale in Oamaru via our website or by phoning JOHN CONNELLY on 0800 263339, DDI 03 550 0520 or 021 880 881.

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John Connelly

John Connelly has been involved in the Real Estate Industry since 1988 and has sold property in New Zealand, Australia and Fiji. He has also had business interests and experience in Tourism, Property Development, Business Management and Farming.

His tourism experience is broad, having owned and operated a number of accommodation and hospitality businesses. These include a 42 unit Motor Inn in Christchurch, Management Rights (92 units) on the Gold Coast, an Island Resort in Fiji ,as well as a Cafe & Restaurant/Bar in Christchurch.

John understands and relates well to people, having a common sense approach to business propositions, along with strong communication and negotiation skills. He welcomes new clients with property or businesses to sell and will work diligently with them to transact a successful sale.