August 19, 2022

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Petrol Station And Automotive Repair Shops Premises For Sale Has Property Investors Revved Up


The most important road land and creating housing just one of New Zealand’s most instantaneously recognisable gasoline retailing manufacturers alongside a extended-functioning and properly-patronised provincial automotive repairs shop have been placed on the industry for sale.

The corner website house in the centre of Whitianga township on the Coromandel Peninsula contains the town’s Gull gasoline station in addition to a individual car mend workshop and stand-alone tyre retailing outlet.

Combining 4 land titles, the 2,066-sqaure metre block is situated on the intersection of Monk Road and Mill Street – with the 3 independent tenancies complementing each and every other’s core business pursuits. The house is in a strategic locale – with Monk Street getting Whitianga’s key throughfare and linking the township to the wharf and ferry precinct.

Gull runs a multi-product gasoline retailing network at more than 100 web-sites throughout New Zealand, in which there are three web-site types – unmanned, manned and marinas. The Gull gas retailing manufacturer is owned by Caltex Australia.

Gull has been functioning from the Monk Road internet site in Whitianga because 2006 and runs five gas pumps serviced by a forecourt shop marketing a variety of automobile upkeep fluids in addition to the normal shelves packed with snack meals and drinks.

Meanwhile, neighbouring Peninsula Tyres is a locally owned and operated tyre retailer operating numerous work bays used for fitting and balancing tyres for cars, trailers, vehicles, and farm products, in addition to operating a call-out provider.

Adjoining regionally owned Charlies Workshop automotive repairs and warrant of conditioning garage has been conducting small business from its place for 21-decades. Its part of the house is accessed through two higher roller doors off Mill Highway main directly on to the garage floorspace, and also is made up of a motor vehicle parking region to the facet off the building.

Sitting down on some 2,056-square metres of flat square-shaped land zoned professional 8B beneath the Thames Coromandel District Council plan, the a few tenancies on the block generate yearly rental of $134,830 furthermore GST and running expenses, and encompass:

  • Gull Whitianga on a present-day lease operating via to 2026 at its single-storey premises
  • Peninsula Tyres on a latest lease operating via to 2025 at its single-storey premises

and

  • Charlies Workshop on a existing lease working via to 2029.at its two-storey premises with places of work and staff facilities on the upper ground.

The primary freehold land and creating at 7 Monk Avenue in Whitianga are now becoming marketed for sale by tender by way of Bayleys Hamilton, with the tender procedure closing on March 10. Salesperson Josh Smith mentioned the property and its trio of retail tenancies shipped a break up-hazard expenditure opportunity, with the profit of advancement possible to improve returns.

“A sealed 516-sq. metre portion of the house on its very own title is now undeveloped and is utilised for car or truck parking. It was previously utilised by electrical power brand name Rock Gasoline for cylinder storage. There is the probable, subject to council consents, to include a new industrial-focused premises on this website – which has direct highway frontage on to Monk Avenue,” Smith claimed.

“Development of a goal-crafted industrial premises to residence the likes of an automobile-electrical enterprise, maritime craft servicing garage, or panel beating and portray workshop would more compliment the present automotive theme of this distinguished block.

“This avenue also opens up the facet of the web site remaining acquired by an proprietor-occupier with existing operations in any of these automotive company fields to merge both of those a tenancy and residence expenditure product underpinned by revenues from the current trio of industrial leaseholders.

“The a person vacant part of the site could also be developed into a multi-storey residential block, matter to council consent.”

The 814-sq. metre setting up at 7 Monk Road housing the a few tenancies is built of concrete block partitions, with steel beams supporting an angled corrugated iron roof normally found in this sort of automotive premises in New Zealand.

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