Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Frock ‘N’ Roll Retail Block For Sale in Putaruru

Frock ‘N’ Roll Retail Block For Sale in Putaruru


One of the most eclectic and varied blocks of retail premises in the Waikato has been placed on the market for sale.

The three shops in Putaruru’s main street feature one of the town’s few independent bakeries, alongside an ‘upcycling’ women’s’-wear boutique, and flanked by a shop showcasing a veritable treasure trove of retro’ Kiwiana collectibles. In addition, the property also contains a three-bedroom home behind the shops.

Located at 84 – 86 Tirau Street, part of the State Highway One network, the freehold commercially-zoned Putaruru property is being marketed for sale at auction on December 15 by Bayleys Hamilton.

Salesperson Jason Kong said that with nearly 35-years on the site between them, Ma Bakers bakery and Putaruru Variety collectibles shop had become cornerstones of the township’s retail community.

“The block has an outstanding 37-metre wide profile onto one of the busiest provincial roads in the New Zealand, and as a result, its tenants enjoy both high volumes of foot traffic and vehicular traffic,” Mr Kong said.

“The retail attraction of these premises is enhanced by the expanse of customer parking to the side, and a wide boardwalk-style pavement under a continuous portico out the front. All of the retail tenancies have access to the rear of their shops via a shared access route - enabling easy drop off and pick-up of stock away from the busy main front road.”

Combined, the three retail tenancies and one residential tenancy within the Tirau Street block generate annual gross rental income of $58,036 + GST, consisting of:

• Bakery operator L & Y Bakers Ltd, trading as Ma Bakers, currently on an eight-year lease running through until 2024 with one further eight-year right of renewal

• Women’s’ clothing and fashion accessory boutique Frock Work Orange currently on a three-year lease running through until 2020 with three further two-year rights of renewal

• Knick-knack and second-hand household goods retailer Putaruru Variety, currently on a three-year lease running through to 2020 with three further two-year rights of renewal

• The three-bedroom residence with double garage which is leased to the operators of Ma Bakers on a rolling tenancy with no fixed tenancy.

Mr Kong said the 529 square metre single-storey building was constructed in the late 1960s, and sat on 1,360 square metres of land. Neighbouring retail tenancies piggy-backing off the route’s high traffic numbers include Countdown, PGG Wrightson and Z-energy.

“The Ma Bakers tenancy has been fitted out with a full commercial kitchen – including walk-in chiller unit and stainless-steel food preparation area, while the open-plan Frock Work Orange with its cathedral ceiling and wooden beams has been fitted out with an enticing glass frontage and changing rooms. All three retail tenancies have their own individual staff bathroom amenities,” Mr Kong said.

Mr Kong said that subject to South Waikato District Council approval, the block had the potential to substantially increase its revenues by hosting billboard and advertising collateral above the existing retail premises.

“Currently there is just a small advertising hoarding on the roofline - promoting Ma Bakers. However, the length and prominence of the block facing onto State Highway One could sustain more advertising of generic consumer and corporate brands,” he said.

“With the Tirau Street property sitting at the northern entry point to Putaruru, it’s one of the first commercial entities to be seen by motorists coming into the central business district.”

As a rural services town, Putaruru is located relatively equi-distant between the cities of Hamilton, Tauranga and Rotorua. It is generally regarded as the ‘smaller brother’ of nearby Tirau - which has transformed itself from a similar rural services township to now being a coffee-stop/antiques and collectibles destination for motorists driving between Auckland and Rotorua, and Auckland and Taupo.


ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

New TPP Agreed: Govt Must Explain How Canada Got Changes

Jane Kelsey: Overnight in Japan the remaining eleven governments have concluded the ‘revised’ but essentially unchanged Trans-Pacific Partnership Agreement (TPPA-11), now called the Comprehensive and Progressive Agreement for Trans Pacific Partnership. The signing is set for 8 March 2018 in Chile.

University of Auckland law professor Jane Kelsey predicts ‘the rebranding of the TPPA won’t fool anyone...

Canada has reportedly secured new protections for culture, as well as rules of origin for automobiles, which was not on the list of outstanding items in the TPPA-11 ministerial statement in December last year. More>>

 

Wellington.Scoop: Our Housing Crisis – And The Unintended Consequences

There is no doubt that we are having some huge issues with housing in Wellington. Finding somewhere to live is becoming increasingly difficult and expensive... But why? And what happens next? More>>

ALSO:

Ministerial Inquiry: Broad Look At Mental Health And Addiction Services

The Government has taken a major step towards improving mental health and addiction services with Prime Minister Jacinda Ardern announcing details of a ministerial inquiry. More>>

ALSO:

Wealth: Two NZers Own More Than Poorest 30%

A staggering 28 per cent of all wealth created in New Zealand in 2017 went to the richest 1 per cent of Kiwis, while the 1.4 million people who make up the poorest 30 per cent of the population got barely 1 per cent, according to new research released by Oxfam. More>>

ALSO:

Employment: Joint Working Group On Pay Equity Principles Reconvened

Minister for Workplace Relations and Safety, Iain Lees-Galloway, and Minister for Women, Julie Anne Genter, are reconvening the Joint Working Group on Pay Equity Principles as the next step in pay equity for New Zealand women. More>>

ALSO:

Hapū: Prime Minister And Clarke Gayford Expecting First Child

Prime Minister Jacinda Ardern and her partner, Clarke Gayford, have announced that they are expecting their first child in June. “We’re both really happy. We wanted a family but weren’t sure it would happen for us, which has made this news unexpected but exciting." More>>

ALSO:

Gordon Campbell: on the inquiry into the abuse of children in care

Apparently, PM Jacinda Ardern has chosen to exclude faith-based institutions from the government’s promised inquiry into the abuse of children in state care. Any role for religious institutions – eg the Catholic Church – would be only to observe and to learn from any revelations that arise from the inquiry’s self-limiting focus on state-run institutions… More >>

Gordon Campbell: On Jim Anderton
For anyone born after 1975, it is hard to grasp just how important a figure Jim Anderton was, for an entire generation.
During the mid to late 1980s, Anderton was the only significant public figure of resistance to the Labour government’s headlong embrace of Thatcherism...More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages