RETAIL SPACE WITH RESTAURANT/BAR EXISTING USE ...

1, Williams Road, Paihia, Far North

$775,000

Proposed Usage
Retail
Floor Area
210.00 m²
Description:
Property ID
1c21034

RETAIL SPACE WITH RESTAURANT/BAR EXISTING USE RIGHTS

In the peak of cruise ship season, Paihia can be visited by up to 6,000 passengers in one day, a retailer's dream. The cruise season brings 150,000 people to Northland, with over 60 cruise boats visiting Paihia per season. Combined with local tourism, mountain biking and bay activities, Paihia thrives.
The currently vacant property is located behind the main shopping strip at 1 Williams Road, across the walkway from LJ Hooker, Anchor Antique and Uku Toi Gallery. It is also easily accessible via pedestrian entrances to Selwyn Mall via both Williams Road and Selwyn Road.
The space has existing use rights for a restaurant/bar, has been rewired/reconfigured and two new airflow extraction systems have been installed as per the new layout pictured. The previous tenant who started the renovation has started the fit-out with timber framing for internal walls and seating but unfortunately was unable to continue. Internal seating capacity of 100, plus an additional covered outdoor alfresco dining area.
This is a rare opportunity for an owner operator to establish their own restaurant/bar or an investors to tenant and enjoy a return on investment of 10% +.

Contact the local commercial specialist for more information and to view.

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Paihia Area