Are you in the market for the acquisition of a cinema within a picturesque locale? If so, your aspirations could soon be realized with the availability of a charming cinema for sale on Stewart Island, ensconced within one of the nation’s most well-preserved and serene environments. This southernmost cinema in the country has a seating capacity of 53 and is complemented by an adjoining bar and restaurant space, situated at the heart of the town.
The incumbent proprietor, Gavin Ferguson, has dutifully overseen the operations of the cinema for the past 25 years. Having relocated to Dunedin, he has deemed it opportune to pass on the mantle of ownership. In his own words, his initial impetus for assuming stewardship of the cinema was to contribute towards the improvement of Stewart Island. Despite attracting interest from entities in Australia and across New Zealand, the theatre has languished on the market for a period of five years. Ferguson espouses that the ideal candidate for acquisition would be an individual yearning for a change in lifestyle and willing to make the relocation to the island.
This distinctive venue is currently listed for sale at an approximate price point of $1.2 million. Ferguson wryly notes that, in comparison to property prices in Auckland, the asking price is, in fact, rather reasonable. Historically operated by Bunkhouse theatre, the establishment predominantly caters to the 30,000 to 40,000 visitors who annually congregate on the island during the peak tourist season. Notably, during the 2022-23 fiscal year up to March 31, the island played host to nearly 40,000 visitors, underscoring the commercial potential of the enterprise.
Apparently, the prospect of acquiring such a uniquely situated establishment in Stewart Island is an infrequent occurrence. Whether you are an aficionado of cinema or a businessperson seeking a lifestyle alteration, this cinema offers a distinctive opportunity to partake in a tight-knit community whilst relishing the natural splendor of the surroundings.
In conclusion, the availability of the cinema in Stewart Island presents a compelling opportunity for individuals pursuing a lifestyle transformation or investing in an exceptional commercial venture. The tranquil milieu and the likelihood to serve a consistent influx of tourists render it a worthwhile consideration for prospective proprietors of cinemas. If this opportunity piques your interest, it is advisable to initiate contact with the owner to delve further into its potential. Who knows, the ownership of a cinema in Stewart Island might well be the novel adventure that you have been seeking.