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Paparoa Unknown, Northland

Iconic Kiwi Gastro Hotel Up For Grabs

First time to the market in 45 years, affordable land and business with add value opportunity this is your chance to own the landmark Thirsty Tui, purchase the land, buildings and business.

The Thirsty Tui has just been fully refurbished to a retro boutique theme with an upgraded commercial kitchen, which caters for 120 diners, 60 indoors plus 60 outdoors in the newly formed and beautifully landscaped garden bar area.

The property comprises a 4,244sqm land site, on which sits the restaurant, bar and garden, three single-bedroom suites, a two-bedroom owners home, an off-licence with a separate entrance, 30 car parks, seven water tanks, some outbuildings and riparian rights down to the river at the rear. Surplus land to the side and back of the hotel allows for future development or regular functions such as weddings, conferences etc.
The local area surrounding the hotel is experiencing considerable growth, and new residential subdivisions are being created to cater for an increasing population moving into Paparoa, some permanently and some for weekend get-aways. The area is famous for the local Matakohe Kauri Museum and fishing mecca and coastal community.
The property sits on the main thoroughfare on the State Highway 12, which is a well-promoted part of the tourist Discovery Highway route. Significant numbers of vehicles pass the property daily, with approximately 21,000 using this road every week.
This is a tremendous opportunity for an investor with a hospitality interest or a family/couple looking to take the restaurant and hotel forwards, and enjoy a country lifestyle on the doorstep of one of the worlds fishing meccas.
The Auckland based vendor is focused on other projects and instructs sell now. All the hard work is done for you!

Restaurant, bar, liquor store and accommodation
Upgraded commercial kitchen - dining capacity 120 indoor/outdoor
Freehold title - land area approx 4,244m2
Beautifully refurbished to a boutique retro charm
Out of town Vendor

Property Id: 18180204Q4

Last Updated: 21/03/19

Listing Summary
Categories: Retail
Contract Type: Sale
Floor Area: 500 m²
Price: By Negotiation
Contact Information
Agent 1 Image

Deborah Dowling

Managing Director

CBRE - Auckland

Level 14 ANZ Centre
23-29 Albert Street
Auckland 1010

PO Box 2723
Shortland Street
Auckland 1140