Iconic Queenstown Asset for Sale

The Queenstown Ice Arena is an established hospitality and activity venue located in the beautiful surroundings of Queenstown Garden, a few hundred metres from the Queenstown CBD and adjoining the Wakatipu lakefront.

Being offered for sale is the leasehold interest and business, including the Ice Arena buildings, plant, equipment and associated business assets secured by a long-term ground lease to the Queenstown Lakes District Council (QLDC) with a final expiry of 31 August 2050.

This profitable business comprises the ice rink and cafe/bar operation which has experienced a growing income stream with potential to grow this further with diversified income streams. The Ice Arena hosts many activities, from ice skating and ice hockey to corporate conference and incentive events. The largest 'in town' flexible open-span venue can host a wide range of sporting, cultural and corporate events in addition to ice-based activities. The unique design of the building and existing ground lease allow for various alternative uses of the facility including but not limited to: electric go-karts, a gymnasium, a swimming/hot pool complex, a child care facility, a retail outlet for sporting equipment/souvenirs, a venue at which concerts, festivals, trade shows, auctions, and other community functions may be held, along with other such recreational uses that the lessor (QLDC) may agree to.

Investment Highlights:
• A profitable long-standing business
• Prime location, walking distance from the Queenstown CBD and surrounded by the Queenstown Gardens
• Unique year-round activities with scope to increase revenue through additional events and activities
• Quality open span building of circa 2,500sqm providing flexible indoor and outdoor space that can host a variety of activities and events

For more information or to inspect the property please contact the agents Mark Simpson or Rory O'Donnell.

Agency reference #: 67030079