At the gateway to the Tongariro National Park a world heritage area Ohakune caters for a growing number of visitors year round. Lifestyle opportunities such as this are rare - enjoy the fantastic alpine playground while meeting people from all over the world

LOCATION

The Clyde is on a freehold site, situated in one of Ohakunes best Commercial/Retail locations. The property occupies a very prominent 3035sqm corner site in the heart of town located on the corner of Clyde St (Highway 49) and Raetihi Rd enjoying very large street frontages and exposure on both streets.

DESCRIPTION

LAND
The primary value of this property resides with the land upon which it rests principally because of its strategic location, size and accessibility. The land is a complete block served on both sides by well formed main road frontages. Commercial land in Ohakune is very limited and restricted due to current council zonings. The land size is 3035 sqm of commercial land. It is approximately a square and is a level site with easy access from 2 street fronts. It provides substantial off street parking and accommodates the main hotel building complete with accommodation, restaurant, bar, takeaway roast outlet and bottle shop together with owner/manager's accommodation.

THE BUILDING
The hotel building consists of an accommodation wing made up of 12 individual bedrooms. Two of the bedrooms have an ensuite and the remaining 10 are serviced by shared bathroom facilities. Fronting Clyde Street the original intimate Summit Bar has recently been redecorated. Adjacent to this is a reception area and offices with access to a large restaurant/dining room and bar. This area is enhanced by 2 large inviting open fires. There are also outside garden dining areas.

The kitchen is up to a good standard and has been recently renovated. It includes a wood fired pizza oven.

Alongside the bar and dining room is another large area which has potential to be developed into a number of options. These could include a private lounge, dance area or function room. Part of this area has recently been converted into a small retail takeaway roast outlet accessed directly off Clyde Street. On the western wing of the building is a fully serviced bottle shop with walk in chillers and very large storage areas. This part of the building is currently leased to Liquorland.

In the central wing of the building is a fully self contained and separate 3 bedroom apartment complete with kitchen, lounge and laundry and private outside garden. Alongside this is another 1 bedroom apartment with an ensuite.

OPPORTUNITY FOR GROWTH

The Clyde plays a vital role in the tourist structure of the town, however it is currently not realising its full potential as the bottle store is the only income stream at the moment thus creating a great opportunity for an owner/operator seeking a lifestyle change. Ohakune and the Central Plateau are experiencing huge growth in tourism numbers over the whole year as opposed to just the winter as was the case historically. Initiatives such as promotion and development of the Old Coach Road and the Tongariro Alpine Crossing and other Great Walks and River adventures and the development of the National cycle ways are providing a steep growth in summer tourist traffic. Central Government now provide stimulus in the way of Regional development grants which are designed to assist the tourism market initiatives of the Wanganui, Rangitikei and Ruapehu Districts over the coming years. Most of this money will be directed at the international market to stimulate even more tourist traffic. It is reasonable given the efforts to stimulate growth by Central Govt and the District Councils to expect accommodation and restaurant businesses such as the hotel to enjoy ongoing growth in the medium to long term consistent with the last 5 years.

TARGET MARKET

The property offers a number of options to potential purchasers therefore the scope of appeal is quite broad.

- Large commercial land package in the heart of the business area with high exposure suitable for redevelopment. (Concept plans available for an extensive redevelopment of the site including ski apartments)
- Going concern accommodation, restaurant, bar and bottle store, tour buses and packages.
- Subdivide existing buildings into multiple tenancies.
- Owner/Operator seeking a lifestyle change.
- We are of the opinion that the property in essence has a lot of appeal and the ability to capture considerable interest.

METHOD OF SALE

The property is offered for sale by Expressions of Interest and encompasses 66 Clyde Street known as The Clyde. The title is zoned commercial under the Ruapehu District Councils Plan.

All expressions of interest and offers considered for this prime commercial property. Our vendors will consider taking a trade in part or full payment.

Viewing strictly by Appointment

Comprehensive information memorandum available upon request.

Buyers competant over $550,000 plus GST (if any) should inspect.