Exciting News - Old English Pub and Motel Business

Renwick, Marlborough

$395,000

Proposed Usage
Other Businesses for Sale
Description:
Property ID
1btf7kw

Exciting News - Old English Pub and Motel Business

The Cork & Keg has just been awarded the "Best Bar", Marlborough by "WildTomato"

This is an exciting opportunity to purchase an established local business just off the main road travelling through Renwick. Favoured and frequented by locals and visitors alike, the Cork and Keg is a fully licensed bar and restaurant operating seven days a week with an outdoor garden bar and impressive barbecue area.

In the heart of Marlborough wine country, and handy to the Blenheim Airport, the location couldn't be better and is a great base for those exploring the region or simply needing to refuel or unwind in a relaxed and friendly atmosphere. Even through the winter months the indoor and outdoor fireplaces create a warm and inviting venue to entice a crowd.

To complement the pub, three new motel units were completed in 2016, each of the modern studio units offers a kitchenette and separate bathroom. One unit is also wheelchair friendly. In addition to the motel units, there is a sunny apartment on the floor above the pub with a lounge, kitchen, laundry, bathroom and two double bedrooms. Currently rented to guests for $150 per night, the holiday apartment would also work well as onsite owner accommodation. A huge workshop sits alongside the main building, comprising a storeroom, chiller, toilet and office with a full video security system installed on the premises. There is ample sealed off-street parking on offer for guests, patrons and staff and the resident cat will make the new purchaser feel right at home.

The business is being sold as a going concern with a comprehensive list of plant and chattels for the accommodation and for the Cork & Keg business (valuation available) plus the goodwill for the business Cork & Keg and the 21 year lease (valuation available).

For Sale @ $395,000 + GST (if any) plus stock at valuation

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