An opportunity to own a historic New Zealand hospitality venue is being offered for the first time.

Situated along the sparkling Arrow River, the Arrow Hotel embodies the tranquillity of its setting, while offering untapped potential.

Comprising more than 6000 square metres of commercial, accommodation-rated land, the site currently includes five modern townhouse-style rooms/buildings; a historic stone Croft reception area, office, manager's house and workers accommodation.

Selling agent Cameron Reed, of Ray White Queenstown, said the prospect of adding value to what was already there would be exciting for potential buyers.

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Source: Ray White Queenstown

“It’s only ever been run as a boutique hobby hotel, so I think the potential it carries is probably its biggest drawcard,” he said.

“You can’t go to Arrowtown and buy 6,000 square metres of land.

“It just doesn’t exist.”

Nestled below the peaks that surround the Arrow River, Arrowtown is known for its small-town heritage buildings and famed nature trails.

The gold rush village has previously served as a base for international ski teams, due to its proximity to Queenstown.

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Source: Ray White Queenstown

Mr Reed said Queenstown’s growing tourist population meant the Arrowtown Hotel had plenty of upside for hospitality vendors.

“Those with a hospitality background will definitely see the positives of this investment,” he said.

“I think it will also suit someone who wants to come in and run as its currently being run, but then slowly develop it over time.”

The Arrowtown Hotel is to be sold by Tender at 4pm, Thursday, February 27, 2020, however genuine prior offers will be considered.

Click here to view the listing.

For more information, contact Cameron Reed or Willie Baddeley of Ray White Queenstown via the details below.

This is a sponsored article.