Superbly located on Napier’s Marine Parade facing the Pacific Ocean, this iconic Spanish Mission style building has been extensively renovated to a very high standard for the current tenant who took residence in April 2021.
The interior layout covers an area of 521m² inviting a casual dining experience, which includes the kitchen and bar, some private rooms, office, bathrooms and open area to socialise. The 119m² basement houses the chiller and also provides extra storage room. Out the front, the spacious balcony and parklet allows customers to eat and drink overlooking Marine Parade, an offering unrivalled in Napier’s hospitality scene, which is another reason Three Wise Birds Portside Bar has become locals' and tourists' preferred choice for alfresco entertainment. Three Wise Birds is a successful Hawke's Bay based company run by a well-known local family synonymous with the apple industry. The cidery and another garden bar are located in Hastings.
Approximately 250m² land area at the rear of the site provides 12 carparks and further development potential for another balcony area.
With over seven years remaining on the initial term and a seismic rating of greater than 67% NBS, this is a passive investment opportunity not to be missed for those looking for an attractive return to add to their portfolio.
For sale by Deadline Private Treaty closing 3pm Thursday, 17 February 2022 (unless sold prior).
Ref #: 20879857
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