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74 Newcastle Street, Riversdale, Southland

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830sqm Floor area
2,024sqm Land area SQM

Asking Price NZ$990,000 + GST

 (if any)

Freehold Going Concern with circa 17% yield

This is your opportunity to own a fantastic, profitable freehold going concern property and business.
The Riversdale Hotel is a classic Kiwi character-building dating back to the 1880s and offers not only accommodation but as the only pub in town it has a well patronized restaurant, cafe and a bottle store. The current owners have looked after this unique property and have invested significantly in recent years through renovations including a roof replacement in 2018, extensive replacement of the weatherboards with enviroboard as well as the guests' rooms refurbished amongst other improvements.
The property consists of 10 rooms upstairs (four of them being self-contained which could be used as a Manager Unit), lovely outdoor, restaurant and pub areas, cafe, pokie machines area, bottle store and large parking area.
This established freehold going concern has a strong local clientele base and reflects in the stable turnover this business has benefited from for many years including during the pandemic. Explore the potential this place offers to grow, and you could achieve even more.
The current owners have loved this place for many years but have decided it's now time to retire. Vendor's motivation to sell is reflected on a price reduction so don't delay your interest and contact us today for a full information pack.

Allister Simpson

Allister Simpson

Hotels, Tourism and Leisure Sales

Queenstown and Southern NZ Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Tyla Routhan

Tyla Routhan

Residential, Lifestyle and Commercial Sales and Marketing

Gore Realty Partners Ltd, Bayleys,
Licensed under the REA Act 2008



Hotel, restaurant, pokies, bottle store, accommodation with a turnover of approximately $1.3 million


Extensive renovations undertaken


Freehold going concern


Southland’s extensive outdoor activities closeby

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