Historic post office set to deliver
A red-letter day is looming for commercial property investors as Devonport’s art deco former post office goes up for sale.
With its ornate ceilings, exposed kauri floors, grand glazed atrium and near-original colour scheme, the Category 2 Historic Place-listed landmark is one of the most recognisable buildings on the Auckland seaside suburb’s main street.
It served as the local post office for half a century after it was purpose-built in the 1930s as part of the first Labour government’s expansion of postal services.
Sold off in the 1990s, it was extended to house a museum while the original post office was converted into a restaurant and later a caf.
The building then lay unused for years before being acquired in a dilapidated state in 2007 by the Omega Trust.
The trust painstakingly returned it to its former glory with an awardwinning refurbishment.
The property is now home to 10 diverse tenants, generating a combined net annual rental return of $279,438 plus outgoings and GST.
Tenants of the more than 1000sq
m unit-titled property range from a restaurant and cafe to an antique furniture store, an electronics manufacturer, a computer repair service, and occupants of an apartment.
A new owner will have the ability to add further value by filling a vacant
retail tenancy.
The property at Unit 2, 10 Victoria Rd, Devonport, is being offered for sale through Michael Nees and Peta Laery of Bayleys North Shore Commercial.
It will be sold by deadline private treaty closing on Thursday March 14, unless sold prior.
Nees said with its history, character and commanding mainstreet presence the site epitomised a “trophy” investment and offered buyers no shortage of substance as well as style.