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Freehold Going Concern, Hyde School Accommodation & Eatery For Sale

Hyde, Central Otago, Otago, New Zealand
Asking Price:
$1M - $5M (NZD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Beautiful Central Otago Rail Trail Opportunity – But Be Quick!

The Hyde School Accommodation & Eatery is a great opportunity to own and operate a freehold going concern business on the Central Otago Rail Trail. This property is strategically situated (just 200m from the trail) and could be expanded, as Hyde experiences the biggest shortages of accommodation for trail guests requiring accommodation and an evening meal, along the entire Central Otago Rail Trail.

HOME, INCOME, LIFESTYLE, & BUSINESS, ON OFFER:

★ Thriving Business and Lifestyle
★ Situated on the Central Otago Rail Trail
★ Business based on cyclists from the Rail trail
★ Now recognised as part of the Scenic Highway
★ Three beautiful separate dwellings on site
★ Plus potential for development!

THREE BUILDINGS/DWELLINGS

★ Restaurant & café, with a full commercial kitchen
★ Modern lodge with 5 ensuited units
★ Spacious 3-bedroom home

ACCOMMODATION

Hyde School Accommodation is a modern accommodation complex, made up of the beautifully restored 1869 School House and 5 beautifully appointed ensuited guest suites. The modern suites all feature comfortable beds, wet-floor showers, and all have coffee and tea making facilities. It is a beautiful venue for trail users, but also for special events, such as weddings, corporate retreats, conferences and extended-family getaways.

CAFE & RESTAURANT

The Eatery, cafe and restaurant, is in the School house and is fully licensed. A renowned food destination, they produce incredible cuisine, made from their own garden along with locally sourced Otago fare and Central Otago wines are the focus in the wine menu. The property boasts a great outdoor entertainment area, featuring beautiful macrocarpa furniture situated in the old school pool, protected from the wind and sun, plus there’s a football field and sports equipment for the more enthusiastic guests. The Lodge is a beautiful venue for special events, such as weddings, corporate retreats, conferences and extended family getaways. But you may find with the increase in Kiwi’s doing the cycle trail you may be busy enough with that!

HOME & RESIDENCE

The owners residence is a beautiful, modern 3-bedroom home, situated to make the most of the Central Otago sun hours. Set apart from the Lodge and cafe, giving privacy to the owners.

DRIVING TRAVEL TIMES

★ From Queenstown 2 hours 27 minutes
★ From Wanaka 2 hours 15 minutes
★From Oamaru 1 hour 27 minutes
★From Dunedin 1 hour 20 minutes
★From Ranfurly 25 minutes

PRICE: LAND, BUILDINGS, & BUSINESS OFFERS OVER 1.2Mil +GST (if any) +SAV

Here is your opportunity to realise a long held dream. This is a business that offers you outstanding lifestyle balance – A gorgeous home, plus an income, right by a source of ever-arriving guests on the cycle trail. Easily run by a couple or family, this is a well set-up business with great reviews. Plus there is room to potentially grow the business and utilise the property further. If Central Otago has long been your dream, register today and check out the additional gallery in the documents, or call Adrian now.

For more information please register now and request access to the documents, or contact specialist Accommodation Business Broker, Adrian Chisholm, AREINZ.

REGIONAL FEATURES & INFORMATION

ABOUT HYDE

Hyde is the perfect place to rest and refuel the body while you’re on NZ’s famous Central Otago Rail Trail! The history of Hyde village reads much the same as many others along the Trail. Early gold miners (2000 of them), then pioneer sheep farmers, then the coming of the Railway, with construction workers – and now Rail Trailers. But Hyde had some other minerals to put it on the map – scheelite, pure white silica sand for glass making, schist rock used by builders, and “white ball” clay, still used for fine pottery. Although Hyde is a rural town, its Main Street runs along State Highway 87. This makes it a perfect place to rest and refuel the body as the nearest towns offering food and refreshments are Waipiata 29km’s away to the north and Middlemarch 27km’s to the south. There are also two gorgeous churches located on the main street. The old Hyde Railway station, 2km south of the village, once in private ownership, has been purchased by the Otago Central Rail Trail Trust and given a much needed facelift. The building is now open to the public and offers a glimpse into the past.

THINGS TO DO IN HYDE

Hyde Diversion Tunnel: Early European miners peppered the Taieri river with gold and then on sold the mining rights to some Chinese gold miners who were led to believe it was a substantial claim. The Chinese gold miners built a tunnel to divert the river and make it easier to mine the gold. Whilst the diversion tunnel was laboriously and successfully constructed to the Chinese miners dismay the effort was in vain when the “planted” gold ran out shortly afterwards.

Hyde Station Site: At the Hyde Station Site take time to admire the old station building, which has recently been purchased by the Otago Central Rail Trail Trust and is open to the public. Although this was the main station for Hyde, there was a passenger halt at the township where the line crossed the main road. This halt was closed in 1978.

Fishing at Hyde: You can get to a good location from the Macraes road bridge. The Taieri river has brown trout in plentiful supply.

Property Information

Real Estate:

Real Property Included

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