Listing #:1534348395
SugarHorse Bar & Eatery Business For Sale, Christchurch, NZ
Location: Christchur­ch City, Canterbury
New Bar & Eatery for sale on Moorhose Ave, Christchurch. Opened in September 2014 in a new build commercial and retail prescient catering for businesses, corporates and retail. Moorhouse has a number of new builds and the demand for space continues to grow. The Multi Million dollar Metro Sports Facility will be built across the road from Sugarhorse and there are several private builds underway in the area to compliment what is already a new vibrant hub.

Sugarhorse design: has been well thought out with its indoor outdoor flow, the courtyard can seat approx. 45 at tables and bar leaners and the indoor area can seat approx. 35 at tables and bar leaners. The Courtyard space roof has the ability to open and close depending on the weather. The kitchen space and main cooking line is close to the bar for better communication and efficient service. There is a contract in place with DB and a rent to buy agreement in place for the beer cool room, the plant and equipment is owned by the vendor including taps and beer lines. The sound system and security system is the latest smart technology used throughout.

The Lease Agreement: Term: 8 years, right of renewal 2 rights of 4 years each, expiry date 16 years after commencement date 17 Aug 2014. There are 3 carparks included and the outgoings are included in the base rent which include rates, building insurance, rubbish removal and Building R&M. Rent review every 2 years after the commencement date.

Brokers Comments: This is a great opportunity to buy a new hospitality business in a purpose built commercial building prescient that will continue to grow. Sugarhorse caters for private functions and has built up a regular cliental from the surrounding businesses. For all enquires and appointments please contact Brad Watts your hospitality specialist. Mobile: 0212 780 919 or Email: brad@tourismproperties.com

Agency reference #: 33119
Asking price: $325,000
Listed: Thu 1 Feb, 5:50 pm
Brad Watts
TourismProperties.com
  • Contact Details
  •  (021) 2780919

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Brad Watts
  •  (021) 2780919
TourismProperties.com

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