New Lynn car yard for sale
The land and building housing a substantial second-hand car dealership in suburban Auckland have been placed on the market for sale.
The property at 3010 Great North Rd, New Lynn, houses a branch of vehicle dealership Buy Right Cars, standing on 2782sq m of freehold land which is zoned for general business use under Auckland Council’s Unitary Plan.
Buy Right Cars, with nine yards across the Greater Auckland area, is a division of Turners Automotive Group.
The company is on a renewed four-year lease at the New Lynn site, with the lease running through until May 2022, and with two further fouryear rights of renewal.
It is now paying annual rental of $166,312, plus outgoings and GST annually.
The high-profile, almost rectangular shaped land and buildings are being marketed for sale by tender through Bayleys Auckland, with tenders closing at 4pm on October 4 unless sold prior.
The property features in Bayleys’ just-released Total Property magazine.
Bayleys Auckland salespeople Mike Adams, Simon Davies and JeanPaul Smit say the property has about 800sq m of buildings, including a covered outdoor show space, administrative offices, showroom, spare parts storage warehousing, and a mechanical workshop.
“As a former service station, the property has a large forecourt canopy built of conventional steel framing on multiple steel columns,” Adams says.
“This sector of Great North Rd is home to several car dealerships and automotive support service business which all take advantage of the ‘hub’ nature of being clustered together for customer convenience. If you’re in the market to buy a second-hand car, then Great North Rd is one of the destinations you head to in Auckland.
“The site is perfect for sustaining a second-hand car dealership. Ample car parking enables up to 100 cars to be displayed at any one time, there are covered areas for premium vehicles to be showcased underneath, and the on-site mechanical workshop allows for minor maintenance and repairs to be undertaken on vehicles as a condition of purchase.”
Davies says that Great North Rd was one of West Auckland’s main arterial routes, sustaining a high traffic volume running in to and out from the New Lynn shopping precinct a kilometre away, while linking up with the North-Western motorway into the central city.
He says Auckland Council’s general business zoning for Great North Rd allowed for business activities ranging from light industrial operations through to large format retail and trade suppliers — with the zone acting as a buffer between New Lynn Town Centre and the surrounding residential portions of the suburb.
Smit says buildings on the property, which were constructed in the late 1970s-early 1980s, are rated at 100 per cent of New Building Standard.
“The property offers an investment opportunity in its current configuration, with the option of redeveloping the site in the longer-term as central New Lynn continues to expand concentrically outward.”