A welcome oasis for travellers along one of New Zealand’s main tourist drives, the Punakaiki Tavern has hit the market.
Located at Corner of State Highway 6 & 13-15 Owen Street, in the heart of Punakaiki village, the 2,486sqm property incorporates the tavern/bistro, nine studio units, and a manager’s house.
The tavern/bistro and manager’s house were built in 1997 and the motel units were built in 2002.
The current owners have operated the business for the past 25 years and are now looking to sell and retire.
The property is being brought to market by Ray White Commercial Christchurch agents Paula Raine and Steven Illenberger.
“Some of the best aspects about the property are its remoteness, being so close to the world famous Pancake rocks and blowholes, as well as being adjacent to the Paparoa National Park which provides the many hiking and mountain bike trails,” Ms Raine said.
“It is a welcome oasis for many adventurers and travellers with a full service of facilities.”
Ms Raine said the property provided plenty of opportunities for investors or owner occupiers.
“The buyers will be people that love meeting people from all over the world, being on one of the country’s main tourist drives as the borders reopen,” she said.
“Although ideally suited to a couple, the returns on this property lend themselves to an entrepreneurial investor who could put a live-in manager onsite.
“There is opportunity to add extra accommodation units to meet the peak tourist seasons, and, while the tavern and accommodation are in great condition, there is room for some updating improvements.
“A few tweaks to the menu and the Punakaiki Tavern could become a destination in its own right.”
Illenberger said the region’s tourism industry was picking up again after the pandemic.
“West Coast tourism has suffered with the border closures, however, with the borders reopening, the west coast is a must see for international tourists for its incredible rawness and natural beauty,” he said.
“The strong operators on the west coast have survived and even prospered and are now ready for the busy upcoming summer tourist season.”