Time to break up the assets

CATHIE BELL
Last updated 07:23 28/03/2014
Furneaux Lodge

Sounds glorious: Furneaux Lodge, which has a a valuation of $2.75 million, is on the market.

Furneaux Lodge
Furneaux Lodge was built in the 1900s

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Furneaux Lodge, one of the better-known Marlborough Sounds resorts, is up for sale.

Owner Geoff Faulkner said yesterday he had owned the property for more than nine years, and having moved away to Nelson, it was time to sell it.

He and his father owned Furneaux Lodge and other property in Marlborough totalling about $7 million, so it was "time to break up the assets", he said.

Tourism in the Marlborough Sounds was starting to lift again, thanks to confirmation the Cook Strait ferries would continue to use Picton as well as a resurgence in the Australian visitor market and growth in the Asian market, Mr Faulkner said. "It's showing the green shoots of recovery."

Picton had a good summer season and Furneaux Lodge had growth in revenue too, he said.

The property, which has a valuation of $2.75 million, is for sale by tender, closing on April 28.

Information from Bayleys agent Glenn Dick, who is handling the sale, said Furneaux Lodge was built in the 1900s and operates as waterfront accommodation, restaurant and bar. It was a popular destination as the first stop on the Queen Charlotte Track.

The property is set among 1.2 hectares of flat land, surrounded by 800 hectares of native forest. Access to the property is by boat only, with the isolation adding to its charm, Mr Dick said. "Furneaux Lodge offers a potential new owner a niche tourism business, with an established reputation and relationships with suppliers, in a very special part of the country," Mr Dick said.

Furneaux Lodge offers a range of accommodation options including 14 one-bedroom apartments and a range of hiker cabins, able to accommodate two to four people.

Additionally, the lodge has lease agreements for eight, two-bedroom chalets. The colonial-style main lodge building, built as a residential homestead in 1890, sits centrally on the site. The upper level serves as staff accommodation with seven bedrooms and two bathrooms. Downstairs, the lodge operates as The Furneaux Bar, The Howden Room restaurant, a conference room, retail shop, office, main kitchen, toilets, storage and bar cellar.

Additional buildings on the property include an original stone built, four-bedroom house, named The Croft, a two-bedroom chalet, a boat shed with storeroom and workshop areas. The property also has 13 permanent moorings and a floating jetty.

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- The Marlborough Express

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