Western showroom, warehousing site
The land and building housing a long-established whiteware appliance store close to one of Auckland’s busiest roads is now for sale. The property at 11 Binsted Rd, New Lynn, is the home a Kiwi-owned and operated business retailing washing machines, heat pumps, hobs, ovens and other electrical home appliances.
It was built in the 1980s for the company founder, who subsequently on-sold it. Current owners have been operating the business for some 12 years.
The business is on a lease expiring in May this year — generating rental income of $73,440 plus GST for the year ending March 31. The tenant pays operating expenses.
The single-storey building on 857sq m of freehold land — zoned business light industry — goes to auction on March 7.
It is being marketed by by Bayleys Auckland and features in the companies just released Total Property portfolio magazine.
Bayleys Auckland salesmen Mike Adams and Phil Haydock says that since the retail business’s lease expires mid-year, it should be viewed as, “pending vacant occupancy”.
“As such, it is an opportunity to purchase what will be a retail operations — sustaining premises, Adams says. “A large open-plan interior floor space means a high volume of stock can be displayed at any one time — thereby reducing the need for additional warehousing space to carry stock.
“This has worked particularly well for the current tenant, whose product range is based around bulky items such as stoves, ovens, fridges, freezers, washing machines and dryers.”
Meanwhile, the benefit of on-site car parking allows for ease of customer access.
“Long-term, the existing floorplan could also work perfectly for warehouse-style retailers looking for a minimalist stock display layout. That profile could include the likes of kitchen or bathroom design and manufacture businesses, niche furniture and bedding retailers, or an outdoor accessory stockist.
“The zoning allows for an element of manufacturing activity to be sustained from this location — making it potentially suitable for a business which makes its own products to sell direct to the public. Likewise, the amount of warehousing space at the rear of the property is amply suitable for a business which imports its products directly to sell to the public.”
The 556sq m building has a B-grade initial seismic assessment rating of 75 percent and sits close to the intersection of Binsted Rd and Rata St — a main arterial route linking West Auckland with the city.
The building encompasses some 254sq m of showroom space; 243 sq m of warehousing area; 23sq m of administrative offices and 36sq m of mezzanine floorspace. It also has parking for 12 vehicles.
Haydock says the rectangularshaped property benefits from 16.9m of road exposure, which sustains its attraction as a retail shop.
The building’s core structure was extended in 1984 and the ground floor is built on a concrete slab withsteel posts and concrete block masonry walls. He says iron roofing covers steel beams.
Binsted Rd is on the fringe of New Lynn’s commercial precinct which connects to West Auckland’s other light industrial zones in Rosebank Rd and Kelston. The business light industry zone under Auckland Council’s operative unitary plan allows for activities such as manufacturing, logistics storage, retail, transport and distribution which have minimal environmental impacts and influence on nearby residential properties.
Neighbouring properties in the Binsted Rd vicinity include businesses operating in the automotive accessories/repairs and panel beating sectors, as well as building trade services and light engineering firms.