Boutique Tirau retail block for sale
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.