Popular Coromandel restaurant site for sale

The land and building housing one of Coromandel Peninsula’s busiest – and longest continually run – upmarket restaurants have been put on the market.

The property at Cooks Beach overlooking Mercury Bay houses the popular year-round dining establishment KaiZen at Go Vino as its ground-floor tenant, with a three-bedroom residential dwelling situated on the upper level of the premises.

The bar and eatery opened its Cooks Beach location in 2007, and the destination has gone on to become an integral part of the community and a hospitality drawcard across Coromandel. It has just rebranded as KaiZen at Go Vino to reflect its evolving culinary avenues.

The prominent two-storey property at 19 Captain Cook Rd is being jointly marketed for sale at auction on July 8 through Josh Smith of Bayleys Hamilton and Belinda Sammons of Bayleys Whitianga.

Sammons said KaiZen at Go Vino and the threebedroom residence upstairs occupy some 370 sq m of street-level retail and first-floor accommodation space.

The commercial portion encompasses the venue’s dining and bar areas, guest bathrooms, commercialgrade kitchen and foodservice areas, and staff amenities.

The modern, private three-bedroom apartment has a standard layout, with ocean and park views from its wraparound deck.

The building sits on some 546 sq m of freehold land.

The ground floor hospitality space is on a lease running through to later this year with two further threeyear rights of renewal, generating annual rental of $25,250 plus GST and operating expenses. The apartment has been let for $220 a week which is soon to increase to $500 a week.

Sammons said the tidy, well-presented address was zoned commercial (8A) in the Thames Coromandel District Council plan, and was one of only a dozen or so commercially zoned properties within the Cooks Beach locale.