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Property Ref: 34468

Arrowtown Restaurant & Pizzeria for Sale in Queenstown

Property Type: Cafes, Restaurants

Sale Type: Leasehold Interest (Business)

Region: Queenstown, Central Otago

Physical Address: MAIN STREET // 30 Buckingham Street, Arrowtown 9302, New Zealand

Price: OFFERS OVER $275,000 +GST (if any) +SAV

Broker: Adrian Chisholm

Mobile: +64 21 727 888


Sophisticated, Strategically Located, Licensed Café & Restaurant

One of Arrowtown’s best hospitality businesses, in the prime pedestrian count, with maximum street frontage to the sunny side of the Main Street (Buckingham Street) is for sale. This business has continued to trade exceptionally well during Covid, and the business is ideally positioned to extend the trading hours of the business, if the new owner wants to increase turnover beyond the current approximate $1m plus turnover that has been achieved during the last few years.

  • Exceptional frontage to the main street of Arrowtown
  • The historical nature of the building and premises is a strong drawcard
  • Indoor seating for approximately 46 diners
  • Gorgeous outdoor courtyard allows for approximately 18 diners
  • Modern equipment and chattels 
  • An extended lease ensures the future of this business
  • Turn key operation for the current Italian cuisine
  • Potential for any other hospitality business, cafe, restaurant or bar complex

This business premises is fitted out in the historical decor of Arrowtown and has an awesome courtyard area at the rear which has great potential for development. The current owners are happy to train the new owners fully, with the recipes and operating procedures and systems.  The new owners can step in and enjoy all the very hard work the current owners have built up over the years.


  • Hours: Open Wednesdays to Saturdays from 5pm to 8.30pm
  • Staffing: Five staff, including the two owners


Please note the Coffee Store (the sub tenant) currently pays $20,000 to Terra Mia / the new owner, for the rent, outgoings and electricity. Thus the main restaurant rent reduces from $80,500 +GST to $60,500 +GST. The vendors are retaining the sub-lease.

The current owners have selected smaller staff numbers and less opening hours to work in with the work/ lifestyle balance. There is plenty of potential here for new owners to increase current staffing levels, and open for longer hours, and offer breakfast and lunch, as well as dinner.
If you’re ready for a fresh start in Arrowtown, then get in touch now – everything is done and viewing will simply seal the deal – it’s gorgeous and in a top location on the main street!

For more information please contact Adrian Chisholm, specialist hospitality business broker on Mobile 021 727 888 or email

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34468: P&L 4 years to 31 March 21

34468: Financial Performance Statement 2021

34468: P&L Report April to Sept 2019 2020

34468: P&L Statement

34468: Lease

34468: Sub-Lease

34468: Sub-Lease: Deed of Assignment

34468: Current Terra Mia Menu

34468: Chattels - Updated Jan 2022

34468: Regional Information

34468: Plans 1

34468: Plans 2

34468: Vendor Note 1

34468: Variation of Sub-Lease - Updated Jan 2022

Trip Advisor 292

4 / 5

Google 204

4 / 5

First Table


 4.5 / 5

Awesome local Italian. ★★★★

We had an early meal on NYE. We were a family group and only make our reservation on the day. They made room for us which was much appreciated. The food, wine and service was great. Most of us had one of the pasta specials – Fruitti du Mare (Linguine) and the wine match. It was very good – highly recommended.

best pizza I have had in a long time! ★★★★

Just came here for dinner with my parents this evening and had to write a review. Lovely service and the best pizza I have had in a long time! Staff were welcoming and were very accommodating to vegan and vegetarian requests. Lovely wine too – thanks for a beautiful evening 🙂

Real authentic Italian place with all the Italian pride but very humble. ★★★★

Food was amazing as well as the service. Head chef and the owner of the restaurant Roberto and his lovely wife are very friendly and caring. The ambiance is beautiful and foods are made of fresh products. Very nice wine! The price is very reasonable ($26-30) for a main. One of best Italian restaurants I’ve been in New Zealand.

You honestly cannot get better pizzas! ★★★★

You honestly cannot get better pizzas or Ragu in 99% of restaurants around. I have lived in Melbourne and have been to Italy a fair few times. The pizza here is extremely authentic. The Ragu is delicious, authentic and a must try. Been to Terra Mia many many times and will always go again. Don’t miss it!

One of the best! ★★★★

Spent 5 weeks in Italy and had some pretty average pizzas with one place in Naples, of all places, that really stood out. I’m proud to say little old NZ has captured one of the best. Terra Mia in Arrowtown provided us with a truly authentic Italian experience good food, great Italian wine and really friendly authentic staff. Really enjoyed our dinner and would recommend them in a heat beat.

Best in Arrowtown ★★★★

Took friends from the North Island to Terra Mia and it was absolutely sensational! Transported us back to Italy! We had pizza, gnocchi, arancini balls (10/10) cannelloni and a range of deserts. All were faultless! Thank you Alberto and team. We are Arrowtown locals and can’t wait to come back!!!.

Best Italian in years! ★★★★

Great cosy restaurant. Customer service was great and the food was the best Italian we have had in years! A gem in Arrowtown!

When you can’t go to Italy at the moment, Terra Mia transports you to Italy with their authentic Italian cooking, can’t beat food when it is cooked with passion!

An absolutely lovely meal. We had a pizza and pasta and then ordered a second round. Super fresh, delicate flavours. I highly recommend the Italian hot chocolate.

Delicious pizzas and great service. One of the best pizzas I’ve had in NZ.

Beautiful dinner! The staff were all so friendly and attentive. We both loved the arancini and the pizza! Also the cheesecake. Amazing. Couldn’t recommend this restaurant enough, thanks again and we will be back.

We love Terra Mia, the food is incredible. We’re huge fans of the pizza and the tiramisu. The staff are always fun too, highly recommend!

Source: Online review platforms.

Property Details

Property Type


Sale Type

Leasehold Interest (Business)


Queenstown Central Otago

Physical Address

MAIN STREET // 30 Buckingham Street, Arrowtown 9302, New Zealand


OFFERS OVER $275,000 +GST (if any) +SAV

Contact Agents

Business Broker Adrian Chisholm

Adrian Chisholm

PRINCIPAL | Tourism, Hospitality & Leisure Business Broker
Head Office | Otago & Southland
International: +64 21 727 888
NZ Mobile: 021 727 888





凯文 阎

国际电话: +64 27 726 8888
新西兰手机: 027 726 8888



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