Wellsford mainstreet property, vacant sites, on market

It’s not often the centrepiece of a bustling provincial community is offered to the market.

Wellsford is a popular town serving as a hub for travellers to and from Northland. Like many outer Auckland suburbs, new subdivisions are driving the town’s residential growth and it is tipped by Auckland Council for intensification in 2023-27.

Wellsford also serves as the hub for the surrounding farming and popular coastal communities, while also being the gateway to the north, with over 11,000 vehicles traveling through daily.

The properties at 176, 186 and 206 Rodney St, and 23 and 31 Station Rd consist of five individual freehold titles covering 7592 sq m in the heart of Wellsford, zoned either Business Light Industry or Business - Town Centre under the Auckland Unitary Plan.

Tenants include the Wellsford Inn and a branded liquor shop which are built over a large site with frontage onto Rodney St (SH1). The four other titles are bare land.

The Wellsford Inn is an iconic landmark building that has been serving the community for many decades. Located in the centre of town, the inn and its associated liquor shop are ideally located, offering patrons easy access and parking.

An experienced publican, the tenant has been improving the Wellsford Inn over many years, upgrading and expanding the accommodation while offering a family-orientated atmosphere which is proving very popular.

A branded liquor store is located at the rear of the building on the ground floor, with ample customer parking.

Leases have just been renewed and the property currently returns a combined rental of $131,500 a year plus GST and outgoings.

NAI Harcourts commercial sales and leasing consultants Geoff Thorne and Rene Geertshuis are marketing the properties.

“There are many opportunities,” says Thorne. “Redevelop the entire site, divest some of the land or just landbank and hold. With a shortage of industrial buildings available in the area, the new owner could explore build options for owners or tenants on the vacant sites. Other options could include storage in containers and yard storage.”

The tender closes at 4pm on Thursday 24 June, unless sold prior.