CBD Waterfront Restaurant Bar. Wynyard Quarter!

Auckland City

$599,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c1ss24



Wynyard Quarter is such an important part of the Auckland Hospitality scene and no more so than with the exciting announcements around the America's Cup!

The key to this fabulous business is that super solid lease running to 2031! Very rare for this area.

The restaurant bar itself has a wonderful set up and occupies a space of approximately 212m². There is a strong staff component in place and this place is a social media darling with a huge following! It has a wonderful feel to it and a high very quality fit-out.Lease to 2031Great fit-outStrong brand that you can leverage for future growthPremium location in one of Auckland's most important dining precinctsHuge social media presenceSales over $35,000 per week on averageVery genuine growth potential here

It is a simple formula with a good alcohol / food sales mix and great potential margins.

There is massive ongoing development in Wynyard Quarter with a new 5 star hotel and hundreds of new apartments. Oh, and don't forget that little event called America's Cup just around the corner!

It really is an exciting time to own a premium business in this area with massive infrastructure development going on. Eventually this area will be home to 3,000 residents and 25,000 workers!



Asking just $599,000 plus stock.

Reference: ​EL01224
Ref: EL01224
Timestamp: 20180814054519

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