Five individual freehold titles covering 7,592sq m of land north of Auckland in Wellsford offer prospective purchasers the chance to acquire a parcel of land that could be developed, divested, or used for a passive investment.
176, 186 and 206 Rodney Street and 23 and 31 Station Road in Wellsford can be purchased separately or as a combined offering, providing buyers with a range of options.
The highly visible sites have excellent road exposure and 186 Rodney Street comprises one title but is a multi-zoned property that is home to the Wellsford Inn and a liquor store providing $132,000 plus GST and operating expenses in annual rental income.
The four remaining sites are vacant landholdings zoned either Business – Light Industry Zone or Business – Town Centre Zone under the Auckland Unitary Plan.
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Colliers Brokers Nigel Ingham and Daniel Sloper have been exclusively appointed to market the properties for sale by deadline private treaty closing at 4pm on Thursday 31 March, unless sold prior.
Rodney Street being State Highway 1, as well as the main street of Wellsford, provides excellent patronage to local businesses. Wellsford serves as the hub for the surrounding farming community and popular coastal communities, while also being the gateway to the north, with over 11,000 vehicles traveling through daily.
176 Rodney Street is a 147sq m vacant site located next to the Wellsford Inn. The site is zoned Business – Town Centre Zone.
The Wellsford Inn leases the bulk of the building at 186 Rodney Street, while the Bottle-O Wellsford occupies the ground level. The lease on the Wellsford Inn includes annual rent reviews and provides two further rights of renewal for five years in 2024 and 2029 with a final expiry of June 2034.
The Bottle-O is in the midst of a two-year lease that has nine further rights of renewal for two years each leading to a final expiry of March 2043.
The front of the property is zoned Business – Town Centre Zone and the vacant rear of the property is zoned Business – Light Industry Zone.
206 Rodney Street, which is on the northern side of the Wellsford Inn, is a 926sq m vacant site that is zoned Business – Town Centre Zone.
23 Station Road is a 696sq m site, while 31 Station Road is a large and rectangular 2,471sq m site located at the rear of the hotel and both are zoned Business – Light Industry Zone.
Ingham, Director at Colliers Whangarei, says this substantial offering will provider buyers with flexibility to find the right property to suit their needs.
“If a prospective purchaser wished to acquire the total landholding, they would be able to secure a steady rental stream from the existing businesses, while planning their next moves for the vacant sites,” Ingham says.
“Alternatively, given the varying sizes of the properties, buyers may look to secure a specific site that will suit their individual requirements.”
Sloper, Broker at Colliers Whangarei, says Wellsford is another area that is experiencing huge commercial and residential investment.
“Wellsford, like many outer Auckland suburbs, is going through residential growth with new subdivisions boasting strong sales,” Sloper says.
“It is only 20 minutes to Warkworth, 40 minutes to Silverdale, and less than an hour to Albany during off-peak hours providing connectivity to a number of prominent northern hubs.”
- Article supplied by Colliers
