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Balclutha, 153 Clinton Highway

Peggydale

Tender 03 Oct 2017 Unless Sold Prior

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Listing Number: DU94599
About this listing
Peggydale has been in operation for 42 years.This is your chance to take over one of South Otagos profitable tourist ventures.
This outstanding opportunity to buy the extensive land and buildings is enhanced by a solid business income with a turnover of close to a million dollars. The retail store and café are supported by both the local community and by national and international tourism. Thanks to the ideal location on one of the south islands main arteries means that significant business from tour buses along with a very solid domestic market use this venue as a lunching and shopping stop. The 274sqm café seats up to 100 people and has a fully equipped kitchen and employs 9 staff whilst the 587m2 souvenir gift shop employs 5 staff.
Also here at Peggydale there is a modern luxury 274m2 4 bedroom 3 bathroom home with a double garage and parklike gardens. The Master and guest bedrooms both have ensuites. The living space is open plan featuring a quality kitchen and 2 open area to access the warm and sunny patio areas and gardens. Peggydale is set on almost 1 ha of land and it is zoned multiuse with the access Transit NZ approved.
Tourism growth is forecast to grow substantially in the coming years and there is huge potential to take this profitable business onto a new level.
Owners are extremely motivated to sell and have asked to sell by Tender so they can meet the market. All previous enquiries are welcome and all offers will be very seriously considered.
Tender date
Tuesday 3 Oct 4:00 p.m.
Unless Sold Prior
Property Information
  • Land Size: 9.9326 Ha
  • Tenure: Freehold
  • Approx year built: 1975
  • Property condition: Excellent
  • Property Type: House, Lifestyle, Home & income
  • House style: Executive, Lifestyle, Bungalow, Contemporary
  • Construction: Composite Weatherboard, Brick and Iron
  • Joinery: Aluminium, Double glazing
  • Roof: Longrun
  • Heating / Cooling: Under floor, Heat pump, Gas bottled, Other (Wall Heaters - Bedrooms)
  • Electrical: Satellite dish, TV points, TV aerial
  • Property Features: Smoke alarms
  • Chattels remaining: All additional plant and equipment in order to run the business, Drapes, Light fittings, Stove, Curtains
  • Kitchen: Modern, Dishwasher, Separate cooktop, Rangehood, Extractor fan, Double sink, Waste disposal, Breakfast bar, Pantry and Finished in Laminate
  • Living area: Open plan
  • Main bedroom: Double and Walk-in-robe
  • Ensuite: Separate shower
  • Bedroom 2: Double and Built-in / wardrobe
  • Bedroom 3: Additional Info (Huge), Double and Built-in / wardrobe
  • Bedroom 4: Additional Info (Ensuite), Double and Built-in / wardrobe
  • Views: Private, Rural
  • Outdoor living: Entertainment area (Covered and Concrete), Deck / patio
  • Land contour: Flat to sloping
  • Grounds: Backyard access, Tidy
  • Garden: Garden shed (Number of sheds: 2)
  • Water heating: Gas
  • Sewerage: Septic

Contact Details

Dunedin

Highland Real Estate Group Ltd

Licensed REAA 2008

16 Queens Gardens
Dunedin
Office website

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