1 Kent Street, Kingston, Queenstown Lakes

Iconic Kingston property- Sound investment

The iconic Kingston Corner Cafe and Bar is for sale, providing a prospective or established owner-operator with the opportunity to enter a promising market in the early stages of unprecedented growth.

Despite the current owner having closed the business since April due to COVID-19 related challenges and commitments overseas, the Kingston Corner Cafe and Bar has shown its ability to yield strong returns in the past. Previous financial statements show solid turnovers and increasing net profits year-on-year.

This property's location is 1 Kent Street, Kingston. Its position on both Kent Street and the busy SH6 give it outstanding exposure to the public, making for high demand year-round.

Adding to this already prime location, the 750 lot Kingston Village subdivision is now underway, with the town forecast to double in size. This remarkable urban development means that many local businesses are soon to experience a considerable rise in demand.

The 330sqm building sits on a 782sqm freehold section, allowing ample space for varying operations. In its current form, the building contains a general store, souvenir shop, cafe, bar, and restaurant.

This is a turn-key investment with huge upside potential. The property comes with a long list of chattels that are conducive to the immediate running of a business.

The building features a commercial kitchen, multiple decks and seating areas for patrons, two internal car parks, and a fully equipped office. It has also been subject to modernisation with recently renovated lavatories, as well as new carpets and curtains throughout the cafe/bar area.

Part of the building encompasses a self-contained, furnished one-bedroom manager's flat with a private outdoor area that can be leased for additional revenue.

The Kingston Corner Cafe and Bar is an investment that should not be missed. With astounding growth on the horizon, an opportunity like this will be exceedingly rare in Kingston.