Bou­tique Ti­rau re­tail block for sale

South Waikato News - - Property - KELSEY WILKIE

A block of re­tail units over­look­ing one of the coun­try’s busiest state high­ways is up for grabs.

The six-unit site on Main Road Ti­rau – a town­ship link­ing Hamil­ton, Tau­ranga and Ro­torua – sits on State High­way 1.

The free­hold land and build­ings are be­ing mar­keted for sale at auc­tion in April by Bay­leys Hamil­ton sales­peo­ple Alex ten Hove and Mike Swan­son.

The 505 square me­tre block of shops is within the Ti­rau town cen­tre zone, sit­ting on about 1058sqm of rec­tan­gu­lar-shaped land. The prop­erty also in­cludes an 80sqm two-bed­room flat linked to the take­away busi­ness.

Swan­son said the clas­sic ‘Ki­wiana’ frontage of the six units be­ing mar­keted for sale repli­cated a her­itage New Zealand feel – to­tally in keep­ing with the coun­cil’s vi­sion for the heart of Ti­rau as a re­tail and hospi­tal­ity ‘des­ti­na­tion’.

‘‘As traf­fic flows be­tween the ‘sil­ver tri­an­gle’ of Hamil­ton, Tau­ranga and Ro­torua con­tinue to grow, so too will the num­ber of ve­hi­cles pass­ing through Ti­rau,’’ he said.

‘‘The town cen­tre zone in­tends to re­tain the ex­ist­ing at­tributes of Ti­rau.’’

‘‘Even with one of the high­est daily traf­fic counts of any town in New Zealand, Ti­rau still has boun­ti­ful park­ing – both on the main street and in the mul­ti­tude of ad­ja­cent car parks op­er­ated by the town’s re­tail­ers.

‘‘This ease of park­ing avail­abil­ity, and no park­ing war­dens, en­cour­ages peo­ple to stop in town and sus­tains its re­tail hub.’’

Ac­tiv­i­ties per­mit­ted un­der this clas­si­fi­ca­tion in­cluded re­tail­ing, food and bev­er­age op­er­a­tions, of­fices, ed­u­ca­tion busi­nesses, and health­care fa­cil­i­ties, ten Hove said.

The six premises within the block ranged in size from 50sqm to 225sqm, and with the flat, gen­er­ated a com­bined an­nual rental in­come of $60,745 plus GST. The prop­erty also had park­ing for six ve­hi­cles at the rear of the shops.

South Waikato District Coun­cil’s Op­er­a­tive Plan for Ti­rau iden­ti­fies the town’s main street as a lo­ca­tion for high qual­ity bou­tique re­tail prop­er­ties cater­ing to both pass­ing trav­ellers and the lo­cal pop­u­la­tion – sus­tain­ing a ‘‘coun­try vil­lage char­ac­ter rather than a slice of big city.’’

‘‘The town cen­tre zone in­tends to re­tain the ex­ist­ing at­tributes of Ti­rau to en­sure it re­mains a pleas­ant place for peo­ple to stop and wan­der from shop to shop,’’ the coun­cil plan says.

SUP­PLIED

A block of re­tail units over­look­ing one of the coun­try’s busiest state high­ways in a town renowned for its arts and crafts bou­tiques has been placed on the mar­ket for sale.

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