One of Queenstown’s nicest and most popular hospitality precincts is up for sale.
The buildings in the CBD’s Brecon Street house four well-established outlets – Lone Star, Harry’s Pool Bar, Muskets & Moonshine, and Bella Cucina.
They’re owned by long-time Queenstown developer John Guthrie and local accountant Bryan Collie.
The total floor space, excluding balconies, is 1217 square metres. As of July 2017, their combined rating value – land and buildings – was a chunky $12,380,000.
The sale’s being handled by Bayleys Queenstown’s office, with a tender deadline of April 4.
Muskets & Moonshine owner Chris Buckley, whose building appears to date back to 1955, says: “Surely for the kind of money they’re talking about, you’d look at putting in a big hotel.
“That’s just the way Queenstown is, and hopefully we can get a deal to get back in.
“But once that goes, you’re really starting to lose a bit of the character of town.
“That is quite a creative little spot with all the colours and stuff – it’s probably just a little bit more funky than elsewhere around town.”
Good Group boss Russell Gray, whose hospitality company owns Harry’s Pool Bar, says it has a good long-term lease to run, though there’s also a demolition clause.
“There are reinstatement provisions where we would be invited into the new development on a long-term lease – we look forward to that.”
The Lone Star building, designed by Arrowtown architect Maurice Orr, was purpose-built in the early ’90s, but it also has upstairs dining straddling Harry’s Pool Bar.
Owner Dave Gardiner says he’d also be keen to be in the mix if the complex was redeveloped.
Bella Cucina co-owner Jan Rae says her company was surprised to hear the buildings are on the market.
“Bella Cucina has been there since 2008, and we feel Brecon St has a lot of hospo history, colour and character, and we hope a new owner would help the existing tenants enhance this entertainment hub.”