Sale period extensions

The sale periods for two separate Dunedin hotels, the Hotel St Clair and the Fitzroy Pub on the Park, have both been extended.

The 130-year-old Fitzroy is under forced mortgagee sale and is one the oldest hotels in the South Dunedin area.

The Hotel St Clair opened in 2009, and is for sale by Milton family construction company, Calder Stewart.

A spokesman for the Hotel St Clair, which has a rateable value of $6.85 million, said there had been recent, new interest, in the 26-room three-storey hotel and the tender date had been extended a further week.

The Fitzroy, which closed in January and has a rateable value of $580,000, has had its price reduced to $325,000, plus GST, with the tendering period having been extended from late May.

Earlier this month, a claim by the SBS Bank against one of the Fitzroy's former operators was upheld in the High Court at Dunedin, over three outstanding loans and interest, which totalled $1.09 million.

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