Lake House Restaurant & Bar Plus Function Facility For Sale

Business description

The Lake House Restaurant & Bar, plus three conference / private function rooms, wedding faclility, is set in an amazing waterfront canal location of Lake Hood, 7 km from Ashburton in the South Island of New Zealand.

EXCEPTIONAL OPPORTUNITY FOR THE RIGHT PERSON

Restaurant: The Restaurant has seating for 100 / 110 inside and 80 / 100 outside on the waterfront deck.

Conference facilities: The private conference rooms / function rooms vary in size to allow for groups of 6 - 30.

This near new complex is offered to the right operator who can take this awesome complex to the next level in terms of food and beverage service, event management and conference / function venue management and marketing.

Lease details: A suitable long term lease will be available to the right operator reflecting a reasonable formula in terms of the rental.

This complex has now got to near breakeven with off site management and would clearly achieve excellent profits with onsite hands on owner operator mangement and marketing.

This is an exceptional opportunity for the right person, couple, family or corporate organisation.

Brokers comments: This is a great opportunity to secure a business at only the cost of the chattels and stock and take the business to the next level.


FEATURES

Lake Hood is a man-made recreational lake, located 6 km south-east of Tinwald in the locality of Huntingdon, Canterbury, New Zealand. It was opened in 2001 by Right Honourable Jenny Shipley M.P. It is 2.3 km long by 1 km wide and is more than 80 hectares in area. It features an 8 lane rowing course and separate water skiing and jet skiing areas.

A substantial housing subdivision, serving as a satellite suburb of Ashburton has been built surrounding the lake.


Nearby Ashburton is a town and district in the Canterbury region on the east coast of the South Island of New Zealand. It is the third-largest centre in Canterbury, after Christchurch and Timaru. The Maori name for the town/area is Hakatere. The area around Ashburton is frequently referred to as Mid Canterbury, which is also the name of the district's representative sports teams.

Ashburton is on State Highway 1 86 km south of Christchurch. The Main South Line runs through the centre of town, but passenger trains ceased on 10 February 2002. The town is the centre of a rich agricultural and pastoral farming district, part of the Canterbury Plains. It has one large suburb, Tinwald, south of the town and the Ashburton River. Tinwald was the junction for the now-closed Mount Somers Branch railway line.

Prominent residents have included the town's former Member of Parliament and Prime Minister of New Zealand, Jenny Shipley, international operatic tenor Simon O'Neill, Olympic silver medal cyclist Hayden Roulston and New Zealand television and radio personality Simon Barnett.

Ashburton was named by the surveyor Captain Joseph Thomas of the New Zealand Land Association, after Francis Baring, 3rd Baron Ashburton, who was a member of the Canterbury Association. The town is laid out around two central squares either side of the railway line and main highway, Baring Square East and Baring Square West.

A common nickname for Ashburton is 'Ashvegas', an ironic allusion to Las Vegas. This may be due to the respectability, and conservatism of the residents, a booming nightlife of the towns pubs (The Shed, Speights, Millies, Zeebos and Kelly's) coupled with it being the bright lights in the middle of the desert (Las Vegas) or plains (Ashburton).

Property information

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