Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Landmark service station sale and commercial property sale

Local landmark service station sale fuels interest in commercial property sale

A high profile service station and car yard property with more than half a century of association with the local community has been placed on the market for sale.

The property in Pukekohe just south of Auckland is owned by the Howe and Weston families, and has been since 1952. Up until 2006, a service station and car yard on the site operated under the Howe and Weston names, before the businesses were sold to Mobil and a Honda dealership. While the businesses changed names, the Howe and Weston families retained ownership of the land.

The 2496 square metre site on a major roundabout entry point into the town centre is now home to a Mobil service station and associated automatic car wash, and also houses the Honda dealership South City Cars Pukekohe Ltd. Pukekohe has been identified as the fastest growing urban area in New Zealand.

The Mobil operation has a lease expiring in 2015 with two further five year rights off renewal. Annual rental is $183,770 per annum. Meanwhile, South City Cars is currently on a month-to-month lease potentially running through until 2018 and generating $70,000 per annum.

The Mobil service station comprises a typical six lane service station forecourt covered by a 250 square metre steel and timber famed canopy designed at a height which allows trucks access to the pumps. Meanwhile, the 79 square metre concrete block wall retail and customer service building adjoins the 57 square metre car wash with self-draining concrete floor.

The open-plan Honda car yard showroom features 220 square metres of floor space with extensive road frontage to showcase cars on sale. A 346 square metre workshop and spare parts centre also contains staff amenities and a partitioned office area.

The property is being jointly marketed for sale through auction on March 7 by Mike Adams of Bayleys Auckland and Jason Woodyard from Barfoot & Thompson Pukekohe. Mike Adams said the ‘gateway location’ of this high profile corner site would ensure tenants on the property would always benefit from the town’s continuing prosperity.

““The Mobil service station for example occupies the perfect ‘first and last’ location – it’s the last service station on the town’s business zone before drivers enter the commercial centre of Pukekohe, and by consequence is the first service station coming out of the CBD,” Mr Adams said.

“With the added benefit of sitting on a roundabout, this ensures a two-way flow of traffic has easy access to the forecourt pumps. From a tenancy perspective, motorists will always need fuel, and by occupying a prime location so close to town, it’s hard to see such a big chain as Mobil giving up this location.

“Meanwhile, the position of being on a key arterial road in and out of town also underpins the high-profile attraction of the adjoining showroom building. As Pukekohe’s population continues to grow, as has been forecast by town planners, traffic volumes will increase at a parallel ratio – something which all retailers look for when seeking out new showroom locations,” Mr Adams said.

Auckland City Council’s latest long-term strategic planning paper for Pukekohe says that the township “will play an important role in the future of the district – accommodating the largest proportion of the former Franklin District’s growth.”

“Pukekohe is the main service centre in the district and is anticipated to grow substantially from an approximate population of 19,700 in 2010 to approximately 40,000 by 2051. In the eight years since 2001, Pukekohe has been the fastest growing urban area in New Zealand.”

The Auckland Council growth management paper also notes: “As the main population and service centre in the former Franklin District, Pukekohe is suitable for accommodating a significant proportion of new business and residential growth in the district.

“Pukekohe’s central role in the local economy will continue into the future. Its proximity to metropolitan Auckland, a thriving rural economy, along with an increasing residential population, will be drivers for economic growth. The larger population will provide critical mass to support a wider range off business and employment opportunities.”

Mr Woodyard said that as Pukekohe’s bulk retail and light industrial zones continued to radiate outward around the existing commercial fringe, the Manukau Road/Massey Ave site for sale would cement its place as a pivotal landholding between the two destinations. The venue is just a few kilometres from landmark Pukekohe Raceway where the New Zealand leg of the Australian V8 super-cars race is held.

“Under the Auckland City Council plan, the intersection of Manukau Road and Massey Ave delineates two of the most important zones for any growing town. We are confident that the long-term appeal of owning one of Pukekohe’s most strategic sites will generate considerable interest from the investment sector,” Mr Woodyard said.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news