PUB FOR SALE

The award winning Currach Irish Pub and Innkeeper’s Lodge

on Great Barrier Island is now listed for sale

 Buy the business and live in paradise

 

  • Iconic NZ Pub/Restaurant on Great Barrier Island
  • Ideally located across the road from beautiful Pa Beach and next door to the Stonewall Store, Post Office and Pa Beach Café.
  • Multiple Income Streams include Bar, Restaurant, separate alfresco Wood Fired Pizza, Accommodation plus development options
  • Best rated Barrier restaurant on Trip Advisor plus Certificate of Excellence Hall of Fame.
  • The Currach Irish Pub is listed in the 2018 Lonely Planet top things to do in NZ.
  • Winner Irish Pubs Global International Irish Pub Awards
  • Popular accommodation option for couples, groups and travellers
  • Great Barrier Island has shown significant growth as a desination with a flood of recent accolades including Dark Sky Sanctuary.
  • Freehold or Leasehold Going Concerns available.

The Currach Irish Pub & Innkeeper’s Lodge

There is one ‘pub’ on Great Barrier Island. The Currach Irish Pub is built around an over 100-year-old historic Kauri villa and oozes with character and atmosphere. It is superbly located next to the Stonewall Store, Post Office, and Café, and  across the road from beautiful Pa Beach. It has a traditional Irish bar with a large quantity of genuine Irish pub paraphernalia, a snug, a gallery restaurant, which features monthly exhibitions from local artists, and a large beer garden which is a ‘must-do’ for summer visitors is a lively venue, popular with locals, bach owners and tourists.

It has a fantastic reputation and write- ups for its atmosphere, food and music, is the best rated on the island from Trip Advisor and is listed in the Lonely Planet top 50 things to do in NZ.  The Currach Irish Pub was in the top 10 in the ‘International Irish Pub Oscars’ run by Irish Hospitality Global in conjunction with Irish Tourism and the Irish Food Board, in its category for ‘Best Community Irish Pub’ and ‘Best Craft Beer Experience’ and won the later category – the only nominee in NZ and one of only two in the Southern Hemisphere.

It is a very profitable business and has 22 years of proven histo

Accommodation – The Innkeeper’s Lodge  is located on the same 2,401sqm site and is a successful and long-established accommodation business in its own right. It comprises five well-appointed en-suite lodge rooms – two of which are in a new building purpose built in Settler Style on the site of the original ‘Honey House’. It has a backpacker facility, upstairs owners/staff accommodation, and a separate guest kitchen.  There is also a sleepout and caravan in the grounds which is used as staff accommodation

The Innkeeper’s Lodge enjoys a steady stream of repeat bookings including business, holiday, family and fishing groups, and has a long-established reputation for hospitality.

Location: Great Barrier Island

Great Barrier Island is a stunningly beautiful sub-tropical island, only 80km off the coast from Auckland, New Zealand.  It has magnificent white sandy beaches, native forest and a rugged mountain interior. It is an eco-paradise, with most of the land protected under the Department of Conservation ownership as a Conservation Park. In 2017 it was awarded Dark Sky Sanctuary status in recognition of its lack of light pollution and exceptionally clear dark sky. Great Barrier is one of only four in the world and has resulted in an immediate additional interest from national and international tourists. The island runs entirely “off the grid – on alternate energy – solar, wind and generator.  Local activities include swimming, world renowned surfing, natural hot pools, kayaking, artists and galleries, music, superb fishing and diving, golf horse riding, tramping, dolphin and whale spotting, cycling, and just relaxing on the beaches.

Great Barrier has an island community of a type no longer seen. Crime is low, and it is very supportive and friendly community.  There are three excellent primary schools on the island catering up to year 8 but as yet no high school, although correspondence is an option, and is supported from an active and well resourced ‘learning hub’. The resident population is steadily increasing and ranges from 1,000 (ish) in winter and 1800 (ish) in summer.  There is a rapidly increasing number of temporary bach residents (with corresponding increase in property values) and a large tourist influx, predominately September through to June, with the summer peak, although the shoulder and winter is now increasingly busy. The current owners choose to close for three months July to September for a holiday.

 Revenue Streams

The business has been trading under its present owners from 1996 who established the Currach Irish Pub in 1997.  The owners, Phill & Maire, moved to Waiheke Island for high schooling for their children in February 2007 and sold a lease on the premises, and returned 2013 to run and develop the business. They are now keen to hand over the reins and offer this fantastic business as an opportunity for new operators

Existing Revenue streams include:

  • Accommodation
  • Currach Bar
  • Currach Restaurant
  • Wood Fired Pizza in separate alfresco kitchen (new 2017)
  • Music/entertainment
  • Art Sales
  • Functions/Weddings

Potential Revenue streams:

  • Commercial road frontage room with separate kitchen (could suit brewery, independent café, separate lease/shop or similar), currently operating as a small backpacker facility
  • Longer opening hours.
  • Central location and large road frontage with parking suitable for car hire business.

 Development Potential & Infrastructure

Size of Property 2401sqm                                                            Legal Description Lot 1 DP 6703

It is an extraordinary piece of land from a development perspective.  The District Plan from Auckland City Council summarises it as:

“78 Blackwell Drive is located in one of the most permissive zonings in the Hauraki Gulf Islands.  It has a wide range of anticipated potential activities and does not require resource consent for the construction of buildings, or additions and alterations to existing buildings (providing compliance with bulk, built form and development controls). The bulk and massing controls enable the largest building envelope within the Hauraki Gulf Islands, with high coverage, no yard controls and the capacity to build up to 2 storeys.” (detail available)

There is very little other commercial property, particularly coastal, on the island.  The land size is also significant as the Overseas Investment Act 2005 prohibits the purchase of land greater than 4,000sp metres by an “overseas person” (i.e. non-citizen or ordinary resident of New Zealand) on specified offshore islands (including Great Barrier).

The buildings are based around the original kauri villa built circa 1905 by Jonathon Blackwell. The construction is both restored historic and new and consists wooden pile, weatherboard exterior and corrugated colour steel roofing. The internal construction is a mix of original native wooden flooring and a mix of traditional kauri sarking, jib and hardboard internal lining.

Water is collected on-site from both an underground bore and rainwater collection. Both are safe for drinking and regularly tested as a part of the food premises licensing process. Waste water treatment has been upgraded to a ‘state of the art’ new Innoflow system, designed by Ormiston Engineers and Auckland Council approved and new 20-year discharge consent was recently issued to 2038.

Like all Barrier properties, we are ‘Off the Grid’ and generate all our own electricity. This is supplied from 10 x 250 watt and 4 x 80 watt solar panels, stored to 1400aH batteries via a 100Amp controller and 3kW Outback Inverter, which contributes, at no cost, around 50 -80% of the total power usage. The power generation plant has recently been upgraded to a new 45kvA Perkins/Stanford three phase generator. This is run for peak and evening loads. There is also a separate backup 24V lighting system running throughout the premises.

The premise holds a current Building Warrant of Fitness, a full Hotel on-license which includes the whole grounds and premises and an ‘A’ grade food premises license.

 Recent Upgrades

  • Main building re-piled
  • ‘Honey House’ demolished and rebuilt as new settler style building comprising two well appointed en-suite rooms. New beds and fixtures.
  • Buildings re-roofed
  • Electrical Wiring and distribution Board replaced to Compliance Standards
  • Three existing en-suite rooms upgraded, New beds, bathrooms, re-painted and re-carpeted
  • New IdealPOS point of sale and stock management system installed.
  • Major drainage and Wastewater upgrade ($120,000) to TP58 Compliance standards
  • Generator Plant upgraded, new Outback Inverter installed, rewired.
  • Solar panels 10 x 250watt plus 4 x 80Watt installed
  • New beer system installed, including ice bank, compressor, lines and taps.
  • Kitchen/Bar Gallery restaurant redecorated
  • Bar floors sanded stained and revarnished
  • Commercial Wood Fired Pizza oven and alfresco dining area installed 2017

 Chattels

The sale price includes the extensive chattels, furniture and fittings in place for the ‘turn key’ operation of the business and includes unique traditional pub paraphernalia. A full chattels list is available,

 Price

The hard work has been done. Purchase two businesses in one with lots of potential for further development and includes a valuable and comprehensive chattels list. The vendors are available for vendor assistance and consultancy to the new lessees if required.

Freehold Going Concern including land and buildings, business chattels, turnkey operation r as a going concern at $1.35M. Part exchange or some vender finance may be considered.

 Leasehold Going Concern may be available – please enquire for details

Please telephone, 09 429 0211 or 027 429 0211, or email info@currachirishpub.co.nz for more information. Please visit our website www.currachirishpub.co.nz.

Phill Judd & Máire Burns