This potential packed property sits on four titles, comprising 3694 square metres. The property boasts a 470 square metre building, set up as a Tavern, with a 3-bedroom residence at the rear. There's a modern 54 square metre garage with power, and a flat grassed area that has electrical connection suitable for a couple of motor homes.
Frasertown Tavern still operates, opening at specified times, however the owners would like to call it a day, and hand the property over to someone to bring a new business to the area.
There is potential to set up a restaurant and cafe, and there is certainly demand for this. The land could be developed for camping or self-contained vehicles. The large garage could possibly be converted to accommodation.
The Frasertown Tavern sits in the middle of Frasertown village, 8km from Wairoa. Frasertown has a well reputed primary school and a very busy dairy and mail centre that supports a number of local businesses, farms and residents. It's the last stop before Lake Waikaremoana, a holiday destination for people who use the lake for fishing, tramping and other recreational activities.
The Tavern has two bars - the front bar used by locals and travellers, with the second bar is a function room with a freestanding fireplace. The function room can seat 80 people at tables, and 120 people standing up. There is a commercial grade kitchen and a chiller located between the two bars. The property is being offered for sale as land and buildings, without the chattels (unless required) or it can be purchased as a going concern. The four titles are zoned residential, so this could simply be a very big home, with great garaging, with the benefit of the residence, a great guest wing or rental option. With an RV of $336,000, the property is outstanding value at $280,000 for the land and buildings, and $25,000 for the chattels. This is a reflection of the vendor's genuine desire to sell.