Waiheke café, gallery in high-profile locale
The prominent commercial premises housing a popular licensed cafe and a well-known art gallery is for sale on Waiheke Island.
With two high-profile shop frontages, the modern two-storey property at 8 Miami Ave in the Surfdale retail and commercial village sits close to the settlements of Oneroa and Ostend, with exposure to substantial traffic on the main street running across the island.
The property is home to the popular Blue Rabbit cafe/restaurant and bar, along with the Ostend Gallery, with a third rental income stream coming from a smaller lease to Vodafone.
The Blue Rabbit appeals to a broad clientele of locals and tourists with a multifaceted hospitality offering as a cafe and eatery, live music venue, cocktail lounge and garden bar.
Ostend Gallery is a well-known part of Waiheke’s thriving arts scene, attracting art enthusiasts with exhibits of contemporary paintings by local and well-known established artists.
The property generates a total net rental return of $108,805 plus outgoings and GST per annum.
Mana Tahapehi of Bayleys Waiheke and Great Barrier said the approximately 286m2 building sat on 809m2 of freehold land with commercial/retail suburban zoning.
‘‘Built in the mid-2000s, and refurbished in 2013, this smart, contemporary premises in the heart of the Surfdale hub has superb street appeal which helps it capitalise on its exceptional location,’’ Tahapehi said.
The left of the site’s two shop frontages is occupied by the gallery. Fronting to the right, the restaurant extends right through to the rear of the building and takes in a substantial outside back area as well as the entire top floor.
The restaurant includes a welcoming front bar area with bi-fold windows to the street. To the rear, there is an area of built-in seating booths, a commercial kitchen and covered outdoor seating area with heating, plus an al fresco back garden deck.
Upstairs is a large, open-plan zone with an attractive deck and sea views – well set up as a multipurpose bar and function facility.
The site includes four car parks, supplemented by public parking right outside on the main street.
‘‘Overlooking the junction of Miami Ave and Ocean Rd, and just steps away from the bus stop, shops, eateries, a pub and other businesses in this bustling area, this is a wonderful location for a commercial premises serving both locals and visitors,’’ Tahapehi said.
‘‘With the world opening up and the tourism industry returning, timing is everything. This could be a shrewd opportunity to invest in a property that is in prime position to reap the best of this buzzing island.’’