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

 


Garden centre to up its roots after more than a century

Garden centre to up its roots after more than a century


The birthplace of New Zealand’s biggest garden and nursery retail chain, Palmers, has been placed on the market for sale – and has already been tagged for conversion into a residential development.

The 1.25 hectare site in the Auckland suburb of Glen Eden was first established as a nursery in 1912 by company founder Arthur William Palmer. Large glasshouses on the property were used to grow plants for sale throughout the Palmers retail network. Neighbouring road Palmer Avenue was named in honour of Arthur Palmer.

Over the ensuing decades, Arthur's four sons - Geoff, Stan, Frank and Howard - worked at the garden centre, along with his daughter Jessie's husband, George. In 1958 the company built the large retail complex currently on site. The Palmers chain now has 15 branches, spread across Whangarei, Auckland, the bay of Plenty, the Waikato, Hawke’s Bay, Taranaki and Wellington.

However the Glen Eden store shut its doors in May this year in preparation for taking the property to market. The Great North Road land is zoned ‘living’ under the current Auckland Council District Plan, and ‘mixed housing urban’ under the proposed Auckland Unitary Plan.

The property is being jointly marketed for sale by real estate agencies Bayleys and Savills, through a tender process closing on July 31. Bayleys salesperson Brian Caldwell said that under the proposed Unitary Plan, the land sat in a ‘transition’ belt between terrace housing and apartment zones.

“The ‘living’ zoning is quite broad in what it will allow to be built – ranging from detached dwellings and terraced housing through to low-rise apartments,” Mr Caldwell said.

“With such an expansive 134 metre street frontage, and the contour of the site being relatively flat, residential property developers and their architects have enormous opportunity to design a variety of housing configurations under differing densities.

“Because of that density diversity, it’s impossible to guesstimate what the value of the land will be as there are so many permutations of what can actually be built. That is why the vendor has opted for a tender process – enabling the market to set the price.”

Savills salesperson Daniel Byrne said it was fascinating to see how the site’s land usage had evolved over the past 100 years.

“In 1912, Glen Eden was part of the agricultural green belt around Central Auckland – producing fruit and vegetables for the city’s population. Now Glen Eden is simply part of suburbia and land once used to feed the city’s population will now be used to house the city’s population,” he said.

Mr Byrne said there was little chance the existing retail structure or glasshouses would be kept by any new owner long-term.


“The premises are occupied by a café and beauty therapist, both of whom are there on short term leases. A new owner may choose to retain both in order to provide holding income while development schemes are worked up and resource consents are sought,” Mr Byrne said.

“There is significant value in the land and future development options and unfortunately, as with many historical land holdings, the buildings are of scrap value only. In time they will cleared, and sadly, with them goes the last remaining links to what has been the most popular garden centre in the west for the past 40 years.”

Tenders for the Great North Road site close on July 31.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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