What is believed to be NZ’s oldest riverside hotel, The Riverhead, is up for sale.
The tavern began trading in 1857 and is described by JLL New Zealand director of hotels and tourism Nick Thompson as a rare opportunity.
“Hence, it is being marketed in both Australia and New Zealand,” he says.
“The tavern is easily accessible by road and ferry with a substantial pontoon, jetty and pathway leading directly to the venue.”
Mr Thompson says The Riverhead is steeped in local history and played a part in the development of early New Zealand with thousands using the wharf and hotel as the gateway to lands in the north before the completion of roads and railway.
As well as being a tavern, it has restaurant, function, and wedding facilities.
The property is owned by Stephen and Paula Pepperall, who bought it in May 2010, undertaking a major and award-winning renovation.
“They have invested about $6.42 million since 2010 into substantial renovations and extensions with the intention to move The Riverhead away from the traditional ‘country pub’ or ‘tavern’ and develop into a destination venue offering three distinct trading operations with no direct ‘like-for-like’ competition.
“Since its transformation The Riverhead has been a winner and finalist in several New Zealand hospitality and business awards with consistent trading from multiple revenue streams.”
The Riverhead is being offered to market via an Expressions of Interest campaign closing Thursday 14 November 14.