It’s not often that the centrepiece of a bustling provincial community gets offered to the market. Wellsford is a popular township 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 to 2027.
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.
The properties at 176, 186 and 206 Rodney Street, and 23 and 31 Station Road consist of five individual freehold titles covering 7,592 m² 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 Street (State Highway 1). The four other titles are bare land.
The Wellsford Inn, well known by locals and the steady flow of traffic outside its doors, is an iconic landmark building that has been serving the community for many decades. Located in the centre of town on State Highway 1, the Wellsford Inn and its associated liquor shop are ideally located, offering patrons easy access and parking.
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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. The tenancy comprises a retail store, walk-in cooler and storage room for stock.
Leases have just been renewed and the property currently returns a combined annual rental of $131,500 p.a. + GST and outgoings.
NAI Harcourts Commercial Sales & Leasing Consultants Geoff Thorne and Rene Geertshuis are marketing the properties.
“There are many opportunities to be explored here,” says Thorne. “Re-develop the entire site, divest some of the land or just land bank 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 4:00pm Thursday 24th June 2021 unless sold prior.
