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Property Ref: 7503
Tavern & Gastropub under two hour’s drive from Auckland For Sale – Price Reduced
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 (more or less)
Restaurant Lounge Bar and Public Bar
Off-License Bottle Store
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.
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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.
The Northland area is one of the fastest growing areas in the country and all townships in the Kaipara reported a growth in population.
Long term growth is assured due to planned motorway developments from Auckland to the North which will improve proximity to Auckland and further drive business development, tourism and population growth.
Recently announced Regional Development funding from Government will also develop tourism opportunities and growth in the region.
Full Listing Information for this Tourism Business will be disclosed to registered, approved Potential Purchasers.
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Financials March 19
Property TypeCountry Pub
Sale TypeFreehold Going Concern
Physical Address2039 Paparoa Valley Road Paparoa 0571
Price$875,000 plus GST (If any) plus SAV
Tom CrawfordTourism & Hospitality Business Broker
Northland, Auckland & Coromandel
International: +64 21 278 9200
NZ Mobile: 021 278 9200