Divine intervention for Naenae commercial building

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A building on the southwest corner of the Naenae suburban shopping centre – originally purpose- built for the National Bank – will go to auction with Bayleys on 29 October and one possible use for the soon-to-be-vacant property is a church.

The current tenants – Kowhai Health Trust – have been in the property at 336 Cambridge Terrace for two and a half years but have now outgrown the premises and will be vacating. They are still on a monthly tenancy providing some short-term holding income for a new owner.

Marketing agents Paul Cudby and Andrew Smith of Bayleys Wellington say the suburban commercial zoned property lends itself to a number of usage options and as it has frontage to Cambridge Terrace, has always been well-leased.

“The building has excellent profile to busy Cambridge Terrace and is within easy access of the motorway and public transport options. The Naenae shopping centre caters for a substantial residential catchment and nearby residential properties are generally well-kept by a growing proportion of owner-occupiers,” says Mr Cudby.

“Because of this catchment, the property could be ideal for a church group looking for premises in the heart of this community and it would be a relatively easy conversion into a congregational space with good amenities.”

Equally, the currently part-open plan, part-partitioned space could be reconfigured as a medical centre or retail space and the location would be ideal for a convenience store or superette. Other businesses in the general area include WINZ, Bunnings, Resene and Rembrandt Suits.

Given its formative life as a bank, the 365sq m building - mainly single level with a modest first floor containing amenities – is solidly-constructed with reinforced concrete columns and beams, concrete floor and steel roof. There are electric entry doors to the street, with rear access and parking from a council service lane.

“This is a quality building for the area and represents a sound investment for someone looking to either kick-start - or add to - their commercial portfolio,” says Mr Cudby.

ENDS

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