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Property Ref: 15109
Prime Cafe and Restaurant Premises For Sale in Queenstown
Property Type: Restaurants
Sale Type: Urgent Deadline Sales, Leasehold Interest (Business)
Region: Queenstown, Central Otago, New Zealand
Physical Address: Queenstown Central in Frankton, Queenstown
Price: LEASEHOLD INTEREST BUSINESS, asking $400,000 +GST (if any)
Broker: Adrian ChisholmMobile: +64 21 727 888
One of Queenstown’s greatest ‘hospitality business opportunities’ to present itself in many years, available now!
- Exceptional Queenstown location
- Fully-fitted licensed restaurant or cafe
- Large premise, with dedicated toilet facilities
- High-quality fit out right through out
- Long lease available, with option to extend
- Call Adrian today!
This fully-fitted-out, licensed restaurant or cafe, is situated in the ‘Queenstown Central‘ shopping complex, within the Five Mile retail zone, on the corner of State Highway 6 and Grant Road, Frankton.
This amazing hospitality business premise is approximate 100m² in floor area, with two dedicated guest toilets within the premises.
The premises has been fitted out to the highest possible standard, with the very best commercial kitchen, and fantastic restaurant tables and chairs, ready for a new operator to add their particular theme and flair!
The 8 year lease enjoys two further rights of renewal of 8 years, giving a total of a 24 year lease if the two renewals are taken up.
All the hard work of establishing this superbly laid out hospitality premise has been done!
This superb premises is reluctantly available for a new hospitality operator to establish their concept! The new operation could be operating within days of the takeover date. These premises are within the hospitality ‘strip’ of Queenstown Central, and the Lease provides for ‘Takeaway and dine-in restaurant with menu to be approved by Landlord’. The ‘Queenstown Central’ shopping complex is within the larger Five Mile Retail precinct, with large high-rise residential developments currently under construction now, that are due for completion over the next year. A fabulous opportunity in a booming area – call me today!
For more information or to arrange your private viewing, please contact specialist Hospitality Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email Adrian@tourismproperties.com.
Artisanal food outlets, local retailers and well-known national brands have signed on as tenants of a transformational new retail development that will serve Queenstown’s fast-growing local market.
Queenstown Central, a new town square and shopping destination, is under construction on a 23ha site in the heart of the emergent Frankton retail precinct. Anchored by Kmart, it will feature a vibrant main street and town square, speciality shops, and restaurants and bars.
Queenstown retailers are overwhelmingly geared towards tourists. Queenstown Central is exactly the type of offering the district has been lacking Artisanal food outlets include a butcher, baker, and organic fresh food store Soul Food Organic, which is expanding from its original location in Wanaka.
The superbly located development has a major focus on State Highway 6, offers great access to the retail offering , and is a key attraction for major retailers. With its prime position on the main road in and out of town, Queenstown Central will have enormous profile.
The development is centrally positioned in the middle of the Frankton retail precinct, which is growing rapidly thanks to the significant undersupply of retail space in the Queenstown area. The precinct is home to two supermarkets and a number of significant national retailers including Countdown, Pak’n Save, Mitre 10 Mega, Rebel Sport, Briscoes and The Warehouse.
The permanent resident population is rising fast, with growth of 7.2 per cent last year.
Tourism growth has also been spectacular, with airport arrival numbers doubling in eight years. The number of annual visitors is projected to increase to 2.5 million over the next few years. The population of Queenstown Central’s primary catchment is already more than 35,000, while the total catchment population is 51,000, increasing to 90,000 people on some days when tourist numbers are included.
Locals are contributing $341.4 million a year to the retail sector, including more than $40m at department stores. When you add in tourist spending, it’s an even higher figure. Queenstown Central is ideally positioned to benefit from the area’s ongoing demographic boom.
This development is centrally located in relation to all of the town’s residential expansion. More than 5500 sections have been added in the surrounding area since 2011, and more are to come. With its vibrant main street and town centre, Queenstown Central will be the beating heart of the area. It will have an authentic sense of place with immense appeal to locals and visitors alike. The design will build on the unique landscape, climate and history of the area to tell a memorable and fresh Queenstown story.
Using nature as a guide, Queenstown Central has been built to a human scale that connects with its surroundings. The rustic beauty of the Frankton flats and the majesty of the towering Remarkables are celebrated through clear view lines and the sensitive use of materials. The overall approach is one of well crafted, honest expression. Raw stone and natural timber offset with crisp, contemporary glazing and steel. Well-integrated lighting and locally sensitive landscaping will make for welcoming, human shared spaces. The development features abundant car parking with direct access to the retail precinct. The 4ha town centre is only the beginning, with QCL planning significant development on the remainder of the 23ha site, including 2ha of landscaped public space.
The company has sold 6ha of adjoining land to residential developers, who are building 225 terraced homes. Queenstown’s real estate sector remains incredibly buoyant and confidence in its commercial and residential sectors is highest in the country.
Full Listing Information for this Tourism Business will be disclosed to registered, approved Potential Purchasers.
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15109 | Cafe & Restaurant in Queenstown | Information
15109 | Cafe & Restaurant in Queenstown | Lease
Sale TypeUrgent Deadline Sales
Leasehold Interest (Business)