The deal took place off-market and was completed in March, with Finn paying $2m above the property’s RV.<\/p>\n
It is one of several real estate deals Finn has done in recent years. OneRoof can also reveal that Finn paid $1.8m for a 440sqm former panel beaters on Randolph Street.<\/p>\n
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The Edinburgh Castle pub is next door to Finn’s recording studio, Roundhead. Photo \/ Supplied<\/p>\n
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Finn also bought this neighbouring warehouse in March for $1.8m. Photo \/ Supplied<\/p>\n
And in 2021, he bought a bach in West Auckland for more than $3m – more than double its then RV.<\/p>\n
The Edinburgh Castle is next to a block Finn owns on Newton Street, which is home to Finn’s recording studios, Roundhead. Finn has slowly acquired buildings in the block since 2003, paying $1.13m for one in 2010.<\/p>\n
Finn, who is currently on tour with Split Enz, made property headlines a decade ago when he sold his 120-year-old villa in the upmarket Auckland suburb of Parnell for $3.8m. <\/p>\n
Finn’s purchase of the Edinburgh Castle is a new twist in the pub’s 160-year history. The pub lost its liquor licence after opposition from residents and police. They had become concerned about the escalation in violence at the venue.<\/p>\n
Discover more:<\/p>\n
– Former Warriors star finally sells South Auckland home after price drop<\/a><\/p>\n – Grand Designs NZ: Couple relist their home after trying to offload it for $8.75m<\/a><\/p>\n – Fairytale ending for ‘broken castle’: Historic manor fetches more than RV<\/a><\/p>\n Media reported that the pub continued to operate as a gaming venue until it lost its gambling machine licence at the end of last year.<\/p>\n The Spinoff reported that the neighbourhood had been buzzing with rumours that Finn had bought the Castle.<\/p>\n A spokesperson for the star told the site on Monday: \u201cNeil has purchased the Edinburgh Castle and intends to turn it into a wellness retreat … It will all start once planning permissions are approved.”<\/p>\n Chand Sahrawat, who operates the nearby restaurant The French Cafe, told RNZ today<\/a> she was excited that Finn was taking over the pub.<\/p>\n “The site has had its challenges over the years, so a concept centred on wellbeing, connection, and a more considered use of the space is a welcome change,” she told RNZ.<\/p>\n Finn’s recording studio has, over the years, hosted Kanye West, Johnny Marr, KT Tunstall, Crowded House and Finn’s pop star son, Liam Finn.<\/p>\n