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Café premises for sale has property investors frothing
Media Release
18.6.2018
Suburban café premises for sale has property investors frothing
The land and building with the
internal fittings in place to sustain a modern suburban
neighbourhood café overlooking a busy roundabout have been
placed on the market for sale.
The property at 366 Rangatira Road in Beach Haven on Auckland’s North Shore, houses a café business known as The Meeting Room, which borders the council-maintained Opaketai Beach Haven Garden community green with its array of children’s’ play amenities and grassed lawn.
The café site is zoned Local Centre Use under the operative Auckland Unitary Plan – allowing for the construction of a structure up to 18 metres high, potentially capable of sustaining a building up to four storeys high, permitting residential use on the upper floors.
Auckland Council’s local centre zoning permits discretionary development of ‘convenience’ premises to support the surrounding residential locale through the provision of retail, food and beverage, hospitality, and commercial activities.
The 202 square metres of freehold Rangatira Road land and 224.8 square metre building are now being jointly marketed for sale by auction at 11am on June 27 through Bayleys Auckland and Bayleys North Shore. Salesperson Paul Dixon and Michael Nees said the crux of the Local Centre Use zoning was that any area classified under the classification, along with tenancies occupying buildings within that area, had to provide social and economic benefit for the community.
“The property at 366 Rangatira Road absolutely epitomises the over-arching zoning by housing one of the most popular cafes in the Beach Haven retail strip,” Mr Dixon said.
“The Beach Haven suburb, along with adjacent community of Birkdale, stands alone geographically from the bigger shopping precincts of Glenfield to the east and Birkenhead to the south. Beach Haven’s retail hub is totally neighbourhood-focused, very much attracting a local clientele.”
The peninsular encompassing Verran’s Corner, Beach Haven and Birkdale - with Rangatira Road running through its arterial spine – has a population of approximately 20,000 residents.
Café operations on the corner site premises are the last ‘coffee-on-the-run’ option for commuters accessing the Birkenhead to Auckland ferry service which departs from Beach Haven wharf some 500 metres away.
Mr Dixon said the land and buildings were being sold as a vacant premises - with any potential buyer having the opportunity to buy The Meeting Room fit-out by negotiation.
“A new owner could choose to continue with the décor format of The Meeting Room, or lease to a stand-alone café operator who may look to style the venue in a different design and ambience,” Mr Dixon said.
“Alternatively, there is the option to refocus the premises into a licensed venue. At present there are no such operations trading in Beach Haven, and locals have to travel several kilometres to either Glenfield or Verran’s Corner and Birkenhead to enjoy a glass of wine or beer with their evening meal out.”
Mr Nees said The Meeting Room business had al-fresco seating directly in front of, and to the side of, the main entrance.
“The venue’s proximity to the roundabout intersection of Beach Haven and Rangatira roads provides an ever-changing landscape of ‘people watching. The building’s north-facing aspect also means it’s a sunny place to sit outside and enjoy a coffee over brunch,” Mr Nees said.
“In addition to the removable outdoor dining furnishings, there are also two fixed seating fittings available for use by diners, although their tenure and right to occupy is not part of any sale.”
ends
Bayleys Real Estate
New Zealand
Bayleys is New Zealand's largest full-service real estate company. We offer expertise in the marketing and sale of a wide range of property, including residential real estate, farms and lifestyle blocks, and commercial and industrial property. This includes tourism and business sales such as hotels and motels. We also cover the real estate markets in Fiji and other Pacific Islands.
Bayleys also provides a complete property and facilities service including property management and valuations teams focused on achieving both Owner and Tenant satisfaction.
No other real estate company can match our breadth of coverage across all market sectors throughout New Zealand.
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