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Property Ref: 7503
Destination Tavern in Northland Tourist Hot Spot is For Sale.
Property Type: Country Pub, Bars, Hotels, Restaurants, Taverns
Sale Type: Freehold Going Concern
Physical Address: 2039 Paparoa Valley Road Paparoa 0571
Price: $830,000 plus GST (If any) plus SAV
Broker: Tom CrawfordMobile: +64 21 278 9200
This increasingly popular tavern/gastro pub located on a major tourist trail is just 2 hours drive from Auckland.
THE THIRSTY TUI, PAPAROA HOTEL has been tastefully refurbished throughout and is reminiscent of Napier’s Art Deco age. It is stylish but totally welcoming serving truly excellent modern Kiwi cuisine in the friendly atmosphere bar, period dining parlour or casual outdoor garden area.
With a well trained, friendly team running the show, Thirsty Tui is on track for a record summer with an ever improving bottom line however there is ample opportunity for further business development which could take many forms.
Northland is on the brink of an exciting period of regeneration in line with the Governments Provincial Growth Fund which will see millions invested in the region and will see an influx in terms of population, housing and business.
If you see yourself as part of this exciting initiative then ownership of the Thirsty Tui might be perfect for you.
Consider this is what you will be buying:
Freehold Going Concern on 4,244sm (more or less)
Restaurant Lounge Bar and Public Bar
Off-License Bottle Store
Three Hotel Rooms with en-suite
Two Bedroom owners home currently let as accommodation
30 Car parks
7 Water tanks
New sewage treatment facility
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.
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. Register online to access financials and further property and business information. Inspection by appointment.
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
Confidential staff list
2 year sales
Monthly sales breakdown
Financials March 2020
Sales Analysis June 2020
Owners Comments 22 June
Property TypeCountry Pub
Sale TypeFreehold Going Concern
Physical Address2039 Paparoa Valley Road Paparoa 0571
Price$830,000 plus GST (If any) plus SAV
Tom CrawfordTourism, Hospitality & Leisure Business Broker
Northland, Auckland & Coromandel
International: +64 21 278 9200
NZ Mobile: 021 278 9200