A cherished local landmark and award-winning venue offers a rare investment opportunity in Matakana, positioned to capitalise on the growth of one of New Zealand’s most vibrant tourist and community destinations, Bayleys salespeople say.
The Matakana Village Pub on 1,718sqm (more or less) of freehold land at 11 Matakana Valley Road has been a cornerstone of the community since its original construction in 1903 – reportedly built using timber sourced from a single Kauri tree.
Bayleys in the North associate director Henry Napier says that over the decades, the property has transitioned from a boarding house to a beloved pub, maintaining a historic charm while evolving to meet the needs of a growing community.
“The Matakana Village Pub is more than just a piece of local history; it’s at the heart of Matakana’s development into a premier food, wine, and leisure destination.
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"Recent renovations and potential future development have preserved its character while positioning the asset for future success at the helm of a capable owner-operator or a new investor.
“The 245sqm (more or less) internal floor area currently supports a versatile hospitality operation.
"There is also potential to expand and optimise the first floor, presently used for storage, to enhance the venue’s functionality and maximise its value.
“Additionally, ample underutilised land at the rear of the property offers possibilities for future growth, with favourable Business – Local Centre zoning that allows developments up to four storeys and potential to add residential components.”
Napier is marketing the property for sale as a freehold going concern, by the deadline closing at 4:00 pm on Wednesday, 6th November 2024, with Bayleys colleague Chris Blair (unless sold prior).
Blair points to Matakana’s ongoing transformation into a sought-after destination as a critical factor in the property’s appeal.
“Matakana’s growth, coupled with its strategic location just 50 minutes north of downtown Auckland, makes this a prime investment opportunity.
“The recent completion of the Matakana Link Road has improved accessibility, reducing travel times to and from Auckland, while Auckland Transport’s extended busway services to nearby Warkworth continues to enhance public transport connectivity.”
As the gateway to some of Northern Auckland’s most popular beaches and resort communities, including Leigh, Omaha, and Tāwharanui Regional Park, the area draws a diverse mix of residents, weekend visitors, and tourists, with a notable weekend market in the Matakana Village centre.
In the decade to 2030, Warkworth’s population is expected to grow by 400 per cent, with approved local government plans to develop 1,000ha of greenfield land on the urban fringe of the existing town.
“This rapid growth is anticipated to create more than 7,500 new homes, increasing the demand for amenities and services, while further establishing Matakana as a premier boutique destination for food, retail, and leisure.
“With its combination of historic charm, a strategic location, and substantial development potential amid a climate of exceptionally high regional growth, The Matakana Village Pub offers a unique investment opportunity in a growing and dynamic area.
“It is positioned to benefit from Matakana’s rise as a leading tourist destination and artisanal hub, rivalling destinations like Sonoma in California and Byron Bay across the ditch.”
- Supplied by Bayleys
