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58 Egmont Street, City Centre, New Plymouth

Deadline Sale
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A ICONIC BUILDING & BUSINESS
Features
807m2
256 m2
For the first time in 28 years, a New Plymouth landmark goes on the market for sale.

The Building at 58 Egmont St and the world famous business, Peggy Gordons Celtic Bar, are both being offered for sale by way of deadline private treaty, with all offers due on the 10th March at 5pm

The Building

Premium irreplaceable real estate in the thriving west end precinct, with a dominant corner position. Rarely available, the surrounding properties are tightly held.

On offer is an iconic building built in the 1920s, full of character, stories and tradition. Split over 4 levels, with a working basement home to a restaurant and kitchen, 1st floor bar and two upper levels currently vacant, resulting in over 400 square meters of leasable area.

The roof was replaced in 2016, removing 27 tones of weight and the basement and Bar had $1,000,000 spent improving the chattels, finishing's and services for the business.

Peggy Gordons Celtic Bar

The business opened in 1993 and is a stalwart of the New Plymouth Hospitality scene. Peggy Gordons enjoys very strong returns for the owner, who spends two nights per week on the bar, and Monday to Friday from 9am to 12pm in the office overseeing operations.

The business has a liquor solus agreement with Lion Nathan until mid 2022, 18 Gaming Machines and a separate restaurant area available for functions and private dining. The bar has an extremely popular outdoor area which is fully licensed, patrons enjoy live bands regularly and the busy New Plymouth event calendar allows the business to thrive.

Possibilities are numerous:

• Floor area 807 square meters.
• BIG cash surplus business.
• Renovate upstairs or convert into inner city accommodation adding additional revenue streams.
• Building and business package, be your own landlord.
• 18 Gaming Machines.

This opportunity will not disappoint, it needs to be seen with the eye.
The building and business must be purchased together and are not to be sold separately.

For more information, please contact Brock Sibbick
NAKI2661
Agent Details
Brock Sibbick
Brock Sibbick
M:
021 181 5457
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