1151 Leigh Road, Matakana Freehold character investment in Matakana

Available PropertyFiles:

  • 1151 Leigh Road Information Memorandum.pdf
  • 6302 Scheme Plans (3-7-2025).pdf
  • I522 Matakana 2 Precinct.pdf
  • Lot 2 Boundary realignment survey plan (showing car parks).pdf
  • Title Plan (DP 540072) - 1 July 2025.pdf
  • /Leases/
    • Chattel Hire Woody Lot 2.pdf
    • Deed of Lease - The Stables Restaurant Matakana Limited.pdf
    • Evolution Realty Ltd Agreement to Lease.pdf
    • Lady Barber Deed of Lease 10 May 2025.pdf
    • Lot 2 -Tack Room (Matakana Carriages) Agreement to Lease 2019.pdf
    • Stables Conference Room Original Lease.pdf
    • Stables Lease Additional Clauses.pdf

Property Description

• Freehold investment opportunity leased to a popular Matakana restaurant & bar
• Substantial fee simple land & buildings measuring 3,827 square metres (more or less) and 1,029 square metres (approx. only) respectively
• Diversified income of $299,000 net p.a. from five tenants including Smiths Bar & Eatery and Stables Restaurant
• Positioned in the Matakana Country Park, a popular hospitality and recreation complex 50 minutes North of Auckland

Introducing 1151 Leigh Road, a freehold investment opportunity positioned in the Matakana Country Park, a popular recreation and hospitality hub 50 minutes North of Auckland.

Fully leased and returning $299,000 net p.a. from five tenants including the well-known Stables Restaurant and Smiths Bar & Eatery along with four office and service tenants. The property includes a vendor underwrite of $9,000 p.a. for two years following settlement for a vacant unit.

The property consists of 831sqm (approx.) purpose built, rustic hospitalist premises which accommodates a single tenancy operating The Stables Restaurant and Smiths Bar together with a first floor, two bedroom residential apartment. The other five tenants, including Meyer Real Estate, Lady Barber, Matakana Carriages and more, are located in an adjacent detached building measuring approx. 197sqm.

Underpinned by a fee simple landholding measuring 3,827sqm (more or less) and zoned Mixed Rural within the Matakana 1 Precinct. The hospitality, service and retail activities are permitted by a land use consent.

The property is for sale by negotiation.

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Contact Henry Napier

Queenstown and Southern NZ Realty Ltd

Licensed REAA 2008

+64 3 450 0200   +64 21 024 64785   henry.napier@bayleys.co.nz   All Listings

Henry Napier is an Associate Director at Bayleys Queenstown and Cromwell specialising in Commercial, Industrial and Development Land sales.

Since joining Bayleys in 2016, Henry has transacted over $100m worth of commercial, industrial, and development land assets throughout New Zealand.

He now specialises in investment and development land sales equipped with a deep knowledge of the intricacies of the Queenstown and wider Central Otago market.

This blend of experience and results has produced a notable track record of record prices and yields and a reputation for being able to conclude complex and challenging transactions.

Covering commercial, industrial, development land, master planned developments, sales & leasing. If you have property requirements in these categories, get in touch with Henry.