Property Ref: 71496
Tavern and Gastropub under two hour’s drive from Auckland
The Thirsty Tui, Paparoa Hotel is a popular refurbished gastropub with restaurant, bar, 2 bedroom owners accommodation with private garden, boutique hotel rooms and off-licence. Located alongside the busy, well-known Kaipara tourist route – The Twin Coast Discovery provides an excellent refreshment spot for travellers.
This is a unique freehold going concern opportunity. It is the first time the property has been on the market for 45 years.
There has been extensive investment in the property which still maintains the rural character while providing a modern quality experience that locals and tourists enjoy. The owner is based in Auckland and has other business interests and feels it is time to move on and for a new owner to reap the benefits of the refurbishment and new branding.
What you are buying:
Freehold Going Concern on 4,244sm
Restaurant, Lounge Bar and Public Bar
Off-License Bottle Store
SAV stock at valuation
Three Hotel Rooms self-contained
Two Bedroom owners home currently let as accommodation
New sewage treatment facility
Adjacent Section for overflow parking, events, concerts, weddings and provides popular riverside parking for campervan tourists.
This is a property that has to be seen to be appreciated. The Hotel is attracting excellent reviews (4.5) on Trip Advisor and has an active Instagram and Facebook presence. There is limited competition in the area and increasingly busy summer seasons.
Register online to access financials and further property and business information.
The Kaipara, being on Auckland’s door step, is experiencing a wave of local population growth. Paparoa is a small historic picturesque village in the Kaipara, Northland situated close to the Kaipara Harbour and just 1 hr 40 mins North from Auckland.
The nearby beach settlements of Whakapirau, Pahi and Tinopai are popular with locals and an increasing number of bach-owners and weekend holiday makers.
The area is attractive to families, retirees and business owners who are attracted by the growing opportunities in the area and affordable lifestyle properties
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Paparoa-Hotel-Limited-Sales-1-April-2017-to-11-March-2019-2.xlsx - 10.2 KB
Paparoa-financials-12-Mnths-Sep18-Full-2.pdf - 21.7 KB