Ad ID: 58415 Inactive

Restaurant & Function Venue, Hotel for Sale Governors Bay

Governors Bay Hotel - Lifestyle and Land Bank - $1.88  million


Business for Sale Description

Restaurant & Function Venue, Hotel for Sale Governors Bay

Set majestically on a slight rise overlooking Lyttelton Harbour sits an exceptional business proposition and investment opportunity. Trading successfully for over 145 years, the Governors Bay Hotel lies only 20 minutes from central Christchurch.

The charming hotel currently set over two levels of some 780m 2 runs as an extremely profitable business showing consistently unwavering returns. Focusing predominately on food and beverage sales this site has remained a popular destination for both locals and tourists alike.  Comprising seven newly-redecorated guest bedrooms plus a separate function space, the accommodation aspect of this business is also an attractive add-on made even more appealing through the attached 2 bedroom manager’s apartment.

Situated on a land bank of 3,500 m2 the option exists to further develop this offering via additional accommodation,or add a retail tourist enterprise.

Our vendors have had 13 wonderful years here and now feel it is time for the injection of some new blood, therefore offering this outstanding lifestyle property for sale.

Listed at under the full 2015 CBRE valuation, the freehold going concern sale of the Governors Bay Hotel is a proposition and lifestyle offering not to be passed by.

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