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Freehold Hotel Business For Sale
Alexandra, Central Otago, New Zealand
Classic country hotel In the 1860’s, alluvial gold was discovered in the heart of Central Otago – and the town of Alexandra was founded. By the turn of the century, orcharding and sheep farming were the dominant industries in and around Alexandra but today’s “gold” comes from tourism and the production of premium wines of international acclaim. Tourists come to Alexandra all through the year: - for special events like the Alexandra Blossom Festival, the Thyme Festival, Wine and Food Festivals and a host of other fun activities.
- to visit the vineyards and to taste the wines, buy fresh fruit from local orchards, or to visit the cafes, restaurants, artists’ studios, and craft markets.
- and to experience the Otago Central Rail Trail, either by walking, mountain biking, or on horse back.
The Criterion Club Hotel, one of Alexandra’s original main street hotels that is affectionately known as the ‘Middle Pub’ by locals, is a popular stop. The Criterion Hotel provides a complete range of hospitality services as well as cost-effective accommodation for free independent travellers, backpackers, sports and social groups. 
Welcoming Public Bar with TAB gaming outlet
The Criterion Hotel occupies a prime corner site on Tarbert Street, close to the banks of the picturesque Clutha River. It is the oldest hotel in Alexandra (since 1889) and the property is a landmark building surrounded by retail shops, The Warehouse, and office buildings. The Criterion Club Hotel is being sold as a freehold going concern business with everything in place for the new owner to trade from day one. With turnover of $839,000 and a net profit in excess of $184,000, this classic hospitality business would ideally suit a husband and wife partnership. Popular hospitality business The Criterion Club Hotel enjoys a loyal bar and accommodation clientele, with group bookings, breakfasts, parties, and sports teams by arrangement. Public Bar
The Public Bar is accessed from Tarbert Street and features a built-in timber bar and counter top, TAB counter area with notice board-counters-TV monitors, poolroom area, Sky big screen TV, and ladies and men’s toilet facilities. The Bar is supplied from a separate tank room (15 square metres in area). 
The essence of the Criterion - hospitable, comfortable, and relaxing
Garden Bar
The substantial Garden Bar is mostly utilised during the summer months. It is accessed from the Public Bar via a verandah. Toilet facilities are provided and there is disabled access. Off Licence
The Hotel has a Bottle Store with an attached cool room (25 square metres). Gaming
The Gaming Room has 18 pokie machines. The Criterion Club Hotel has the main TAB Agency within Alexandra (located in the Public Bar). Legends Restaurant
The Restaurant, which is accessed from Tarbert Street, has built-in bar facilities and seating for more than 50 diners. The Hotel employs its own chef who operates the fully-equipped kitchen. The restaurant offers bar meals, light meals, and a full 4 course menu. It is reputed to serve the best cod in town. 
Legends Restaurant - light, spacious and welcoming
Accommodation
The Criterion Club Hotel offers backpackers and budget travellers traditional “Pub Bed” style accommodation that includes a continental breakfast. For backpackers, there are three bunk rooms on the ground floor with shared bathroom facilities (two shower cabinets, hand basin, two toilets). The first floor accommodation sleeps 17 people in four bedrooms with hand basins and seven bedrooms with ensuite bathroom and toilet facilities. There are also two separate showers, a separate bathroom, two separate toilet facilities, a comfortable guest lounge, and a fully equipped guest kitchen complete with dishwasher. All rooms have comfortable beds, fresh linen, electric blankets and in several, a television. 
First floor accommodation, some rooms with ensuite bathrooms
Freehold title The owners are selling the freehold to land (1411 square metres in 6 titles) and buildings on the corner of Tarbert and McDonald Streets in the centre of Alexandra. The property comprises a two-storey licensed hotel premises, originally erected in the 1870’s, with substantial additions and alterations at various stages since then. The premises are generally in tidy to good order throughout. The building is constructed of concrete and stone foundations, concrete and timber flooring, walls partly of schist rock, part plaster over schist, part plaster over brick, part concrete block, aluminium and timber joinery, and corrugated galvanised iron roofing. Internal walls are a mix of plaster over stone and brick, plywood, glazed hardboard, Gibraltar board, fibrous plaster and Pinex. The ground floor (640 square metres) comprises bar, bottle store, restaurant, gaming, business office, foyer entry, and verandah leading to the garden bar. The first floor (350 square metres) comprises hotel accommodation and the proprietor’s residence. Plans are available for extensions to the second floor. Proprietor’s accommodation
The proprietor’s accommodation is on the first floor and comprises a kitchen, dining-living room, one double and two single bedrooms, bathroom and toilet facilities. Assets being sold A complete list of all fittings, fixtures and chattels being sold is available: - General – light fittings, floor coverings, wall decorations, air conditioning, electronic surveillance.
- Bar and restaurant– bar counters, bar refrigeration and fittings, bar equipment, tables, chairs, stools, glassware.
- Kitchen – refrigerators (5), cold room, oven (2), microwave ovens (3), dishwashers (3), coffee machine, meat slicer, fryer station, grill, cutlery, crockery.
- Office – computer, printer, software, phone, fax, photocopier, electronic till(s), Eftpos terminal(s).
- Vehicle – courtesy van.
Day to day management Business Hours:
Monday to Sunday – 7.30 am to 3.00 am the next day (actual hours are at the discretion of the Proprietor). Staff:
The business is operated by the two owners with assistance from 8-9 staff. Stock:
Wet and dry stock will total between $60,000-$70,000. Licences:
On Licence, Off Licence.
Bar Managers Licence.
Gaming Certification (TAB and Pokies). Advertising and Promotion:
The business advertises via signage on the building and through adverts in local newspapers and on local radio. The Hotel is well known and enjoys a good local trade. Call Tony on +64 3 448 7204 Alexandra and Central Otago Alexandra (population over 4,500) is a thriving service centre catering to the needs of local orchards, vineyards, and sheep farms. Alexandra enjoys a dry Mediterranean-style climate with hot summers and clear crisp winters. Spring sees the famous Blossom Festival, in summer the dry hillsides are a covered with fragrant wild thyme, autumn is beautiful with yellow and gold leaves throughout the Clutha valley, and winter is all about warm fires, ice skating and curling. Alexandra is a popular holiday destination with pleasant parks and gardens, unique scenery, close to rivers, lakes and skifields. A little further up the Clutha is the historic gold mining township of Clyde and the immense Clyde hydro dam. There is much to see and do in the area – splendid museums and tours about gold mining, fine restaurants and cafes, squash courts, netball and tennis courts, rugby and athletics fields, bowling clubs, and golf courses in both Alexandra and Clyde. For those with a love of the great outdoors there is brown trout fishing in local rivers, water sports on nearby Lake Dunstan, horseback riding, mountain biking, and tramping on the many walking tracks through local hills. Central Otago is New Zealand's and the world's most southerly wine region. Alexandra is a sub-region that is producing award winning pinot noir and chardonnay wines. The cold winters and hot summers, along with ideal soils, helps bring out the best in these wines and new vineyards are being planted in every suitable site. To find out more about Alexandra, click on: http://www.alexandra.co.nz/
http://www.blossom.co.nz/
http://www.eventfinder.co.nz/2008/nov/alexandra/alexandra-thyme-festival
http://centralotagorailtrail.co.nz/
http://www.codc.govt.nz/
http://www.visit-centralotago.co.nz/
http://www.centralotagonz.com/
http://www.otagowine.com/
http://www.codc.govt.nz/
http://www.alexandra.nzgolf.net/
http://www.dunstan.school.nz/
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