Freehold tavern boasts huge potential


554 Governors Bay -Teddington Road, Teddington

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Freehold tavern boasts huge potential | 554 Governors Bay -Teddington Road, Teddington | 5511262 |      X Close
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Freehold tavern boasts huge potential


With my vendors sights set firmly on their next chapter, a fantastic opportunity now presents itself for business-minded buyers to purchase this well-known Banks Peninsula landmark. The Wheatsheaf Tavern is a rare freehold, land, building and business parcel.

Spread across an acre of land sits the Tavern, two individual residential dwellings, a large barn and storage sheds. The Tavern itself is fully equipped and running as the hub of the business with a licensed bar, commercial kitchen, multiple toilets, a large floor space and the substantial sized beer garden is a popular spot.

The location is prime, located on a popular highway junction that serves as a main artillery route for Peninsula residents in and out of Christchurch. It is also on route to popular destinations for weekend motorists, making it the perfect place to stop, refresh and take in the scenery.

Having been solely owned and operated by my vendor for the past 13 years, her focus has been on the bar and restaurant facilities. The potential for further growth and the many untapped opportunities to increase the income stream within the business are certainly appealing.

The two and three bedroom residents have previously housed family members and offer an immediate weekly return, either as long-term or short-term accommodation options.

There are four permitted caravan plugs, waiting to be put to use- offer campers an overnight destination with showers, toilets, and even breakfast. There is also the huge barn that can be utilized in a number of different ways.The additional vacant space on the property adds to further potential. Building storage hire facilities would appeal to residents with boats, trailers and campervans, or use the carpark as a place to host weekend markets. There are endless options and opportunities to add additional revenue to what is already a great business. For further info please visit https://www.propertyfiles.co.nz

554 Governors Bay -Teddington Road, Teddington

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