52 Main Road, Governors Bay, Banks Peninsula, Canterbury

This iconic Hotel situated 20 minutes drive from central Christchurch in Governors Bay is seeking new owners/tenants. With annual turnover of circa $1.7m derived primarily from food and beverages sales, purchase options include FHGC land & buildings, a new business lease or a lease to own arrangement. The freehold option offers 3,500m2 of mainly flat commercially zoned land, prime for future development. Established staff in place of 20 has the hotel presently running largely under management so new owners could sit back or inject their passion into this beautiful hotel and location, the last of it's kind in Lyttelton harbour. The hotel enjoys an outstanding reputation for it's classic pub fare and its customers have flocked to this stunning location for 154 years. 7 rooms accommodation, a 2 bedroom managers flat, bottleshop, a heated salt water pool and a small retail shop make up for the rest of the revenue.
Lease guide $450,000 goodwill and chattels with 25 year lease in place (5 years with option of 4 x 5year renewals). FHGC $2.4M negotiable.