Dannevirke hotel with varied income streams
The Mangatera Hotel, Dannevirke, one of the largest multiple- revenue stream hospitality operations in the Lower North Island, has been placed on the market for sale.
The hotel has operated on its existing site in the Manawatu town since 1955 — although references to the public house date back to 1889 when pioneer settler Lawritz Triis built the first Mangatera Hotel.
The award- winning hotel is on the main road between Wellington and Napier — officially at 391 High St, Dannevirke.
It was twice been a finalist in the Hospitality New Zealand Awards for Excellence, in “Best Hotel” and “Best Off- License” categories.
The hotel employs two full- time staff, with an additional pool of 12 part- time personnel working in all disciplines of the business during peak function and event periods, or on rostered shifts.
The business encompasses all aspects of the hospitality market, including:
A diverse range of public, lounge, and house bars each targeting different clientele and patronage
Fifteen gaming machines, along with a TAB betting terminal
Conference, function, and event facilities
A 60- seat restaurant
Accommodation in nine bedrooms
A stand- alone nationallybranded off- premise liquor retailing outlet
The hotel, including land, buildings and business is being marketed for sale by Bayleys Napier — with an asking price of $ 2.85 million.
Bayleys Napier commercial salesman Rodger Howie says the hotel’s buildings encompassed a total floor area of about 1033sq m, situated on some 4433sq m of freehold land.
Howie says the business had been structured to ensure all aspects of a “country pub” operation were catered for — with parking for up to 20 vehicles on- site, and truck and rig off street parking directly opposite the hotel.
“The clientele include ‘ regulars’ who visit the hotel on a weekly or monthly basis for a quiet pint with their mates or to pick up a supply of beers and wines to take home.
“There are ‘ locals’, who may utilise the hotel for its function and eventhosting capabilities such as birthdays or wedding anniversaries; corporate clients who book the hotel’s conferencing facilities as a hub central to Hawke’s Bay, the Wairararapa, and Manawatu regions; to truckies and passing travellers who take advantage of the comfortable accommodation facilities.”
“The sports bar sustains 15 gaming machines, a self- serve TAB betting service, a coin- operated pool table, and seven big- screen TVs. The bar opens out on to a fully- fenced garden bar which is widely used over summer. Additional bar facilities support the function and conference rooms, which are capable of hosting 70 guests in a seated format, with dual entry points.
“This amenity is separate from the restaurant, which has indoor seating for an additional 60 diners — with drinks served from the restaurant bar.
“This area also opens out on to the patio and outdoor garden and has a warm, rustic atmosphere.”
Howie says both dining areas, along with the sports bar, were serviced by the hotel’s commercial- grade kitchen which featured gas hob grillers and ovens, a combi oven, deep fryers, extractor fans, walk- in chiller unit, newly- installed pizza oven, and a stainless steel highvolume plating and servery bench.
Meanwhile, the hotel’s accommodation wing is incorporated within the hotel and contains nine bedrooms in a mixed configuration of twin and double beds — all with their own tea and coffee making facilities, hand basins, and televisions.
Two rooms have their own ensuites, while the remaining seven share recently renovated toilet and shower facilities. Rack rates per room range upwards from $ 70 per night.
In the last financial year the hotel recorded an average annual occupancy rate of 70 per cent.
Completing the multiple revenuestreams, the hotel’s off- premise arm operates under the Super Liquor franchise umbrella from a purpose- built 375sq m retail complex which was refurbished only three years ago.
The building features a covered drive- through portico and chiller.
Howie says the property also comes with a three- bedroom ownermanager’s residence, and a 300sq m storage shed and workshop.