Old Petone pub for sale

Last updated 09:36 06/11/2012
The Firemans Arms
For sale: The Firemans Arms pub on Jackson St, Petone.

Relevant offers

Commercial Property

Goodman sells substantial Christchurch portfolio Grand Central Complex woos InternetNZ Old Deka building in Wellington CBD is demolished John Key helps launch retail and office development on Petone Esplanade Commercial property news roundup Temperature rises for Wellington's office leasing and housing market Sod turned on former Petone mail centre Dual passion for property and charity drives Wellington couple Strong interest expected over Wellington's Travelodge Tenants sought for Old Bank's character workspace

Petone's Firemans Arms pub is on the market.

The old pub, owned by Waikato farmer Barry Hilliard, is being marketed as one of the larger remaining development sites on Jackson St.

The property has been the site of a pub since the Central Hotel opened in 1931.

The Firemans Arms holds a monthly rolling lease on the 1800 square metre property. It is returning a net annual income of $100,000.

CBRE agent John McKenzie said the property was on the northern side of Jackson St, opposite the Tory St intersection.

The pub is in front of the former Petone Bowling Club property which was bought earlier this year by Wainuiomata-based building company JB Hughes Contractors.

The old bowling club site is earmarked for a 20-26-unit one and two-storey residential development.

The Firemans Arms property, which has a rating value of $1,720,000, is being sold by deadline private treaty closing on November 21.

Ad Feedback

- The Dominion Post

Comments

Special offers
Opinion poll

Do you rent or own your home?

Rent alone

Rent with others

Own with mortgage

Own freehold

Vote Result

Related story: $1m-plus in unclaimed bonds

Featured Promotions

Sponsored Content