Frock ‘n’ roll retail block for sale
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.
Frock ‘n’ Roll is on the market.