Unlock the potential of an iconic property in the heart of Paihia. The former Pipi Patch, once a Paihia-famous bar and backpackers' hotspot, is primed for a revival after the last tenants left. Situated on Kings Road, just steps away from Paihia’s stunning beach, waterfront and lively CBD, this freehold property offers endless possibilities in the vibrant Bay of Islands tourist town. The property could be returned to its former glory, converted into a motel, or could take on a twist with a retail shop or licensed premises. The property also boasts a large land area of 2,427m² with many ways in which subdivision could be explored.
The buildings are currently configured as 21 rooms, majority with private bathrooms, plus versatile shared spaces, including a bar, reception, shared kitchen, shared lounge, guest/ staff laundries, and a storeroom. Previously accommodating up to 136 beds as a backpacker’s accommodation, the property holds immense potential to be reimagined.
Paihia’s rich history, picturesque beaches, and access to iconic attractions like the Waitangi Treaty Grounds make this property a prime investment. With increasing tourist demand and strong market rates for accommodations, renovating and reviving the Pipi Patch is a golden opportunity to generate substantial returns while adding your personal brand. The property was previously leased for $250,000 + Outgoings + GST pa.
KEY FEATURES
• Total Freehold land area: 2,427m² over three Titles
• Prime location close to the beach and bustling CBD
• Potential to be converted into a Motel or Backpackers accommodation
• 21 Rooms with bathrooms
• Bar facilities
• Shared kitchen and lounge area
• Guest and Staff laundries
• Reception/Office space and storage area
For Sale
$2,600,000 + GST (if any)
For more information or to view, contact us now.
See this listing on Barfoot & Thompson
