Old Petone pub for sale
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.
The Dominion Post