Cobar Restaurant, one of the few suburban fine-dining establishments in the capital, has been placed on the market for sale. Cobar has been running for 24 years, most recently under Ryan and Hannah Tattersall, a high-end chef/maître’d partnership. The pair are now looking to extend their careers in the UK.

Business sales broker Mike Lovell sees much potential for the iconic restaurant, due to its favourable position on the Wellington harbour. “From a ‘low-hanging fruit’ perspective, the easiest opportunity to see is the mid-morning café sector,” he said. “Cobar is one of the first food and beverage outlets which incoming visitors to Days Bay and Eastbourne experience when they get off the ferry.”

The establishment is licensed to serve 100 guests inside with outdoor balcony seating for an additional 60. The lease for the ground floor in which Cobar is housed will run until 2026.