Frock ‘n’ roll re­tail block for sale

South Waikato News - - Property - SUP­PLIED

One of the most eclec­tic and var­ied blocks of re­tail premises in the Waikato has been placed on the mar­ket for sale.

The three shops in Pu­taruru’s main street fea­ture one of the town’s few in­de­pen­dent bak­eries, along­side an ‘up­cy­cling’ women’s’-wear bou­tique, and flanked by a shop show­cas­ing a ver­i­ta­ble trea­sure trove of retro’ Ki­wiana col­lectibles. In ad­di­tion, the prop­erty also con­tains a three­bed­room home be­hind the shops.

Lo­cated at 84 – 86 Ti­rau Street, part of the State High­way One net­work, the free­hold com­mer­cial­ly­zoned Pu­taruru prop­erty is be­ing mar­keted for sale at auc­tion on De­cem­ber 15 by Bay­leys Hamil­ton.

Sales­per­son Ja­son Kong said that with nearly 35-years on the site be­tween them, Ma Bak­ers bak­ery and Pu­taruru Va­ri­ety col­lectibles shop had be­come cor­ner­stones of the town­ship’s re­tail com­mu­nity.

‘‘The block has an out­stand­ing 37-me­tre wide pro­file onto one of the busiest provin­cial roads in the New Zealand, and as a re­sult, its ten­ants en­joy both high vol­umes

‘‘The block has an out­stand­ing 37-me­tre wide pro­file onto one of the busiest provin­cial roads in the New Zealand.’’

of foot traf­fic and ve­hic­u­lar traf­fic,’’ Mr Kong said.

‘‘The re­tail at­trac­tion of th­ese premises is en­hanced by the ex­panse of cus­tomer park­ing to the side, and a wide board­walk­style pave­ment un­der a con­tin­u­ous por­tico out the front.

‘‘All of the re­tail ten­an­cies have ac­cess to the rear of their shops via a shared ac­cess route en­abling easy drop off and pick-up of stock away from the busy main front road.’’

Com­bined, the three re­tail ten­an­cies and one res­i­den­tial ten­ancy within the Ti­rau Street block gen­er­ate an­nual gross rental in­come of $58,036 + GST.

Mr Kong said the 529 square me­tre sin­gle-storey build­ing was con­structed in the late 1960s, and sat on 1,360 square me­tres of land. Neigh­bour­ing re­tail ten­an­cies piggy-back­ing off the route’s high traf­fic num­bers in­clude Count­down, PGG Wright­son and Z-en­ergy.

Mr Kong said that sub­ject to South Waikato Dis­trict Coun­cil ap­proval, the block had the po­ten­tial to sub­stan­tially in­crease its rev­enues by host­ing bill­board and ad­ver­tis­ing col­lat­eral above the ex­ist­ing re­tail premises.

BAY­LEYS

Frock ‘n’ Roll is on the mar­ket.

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