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

 

‘One off the shelf’ for property investors


‘One off the shelf’ for property investors as pioneer village’s general store and land goes up for sale

Positioned right in the heart of the historic Puhoi village, is the iconic Puhoi General Store. The store, a stylish four-bedroom home, two further retail spaces and 1,343 square metres of freehold landholding are being offered for sale by tender (unless sold prior) through Bayleys Real Estate, with tenders closing on March 26 2020.

This tenanted investment opportunity includes the land and buildings on a five-year lease arrangement (with a further three five-year rights of renewal). The complete property is on a singular lease generating a net annual of $145,000 plus GST, with rental reviews scheduled every five years.

The established owner-occupier of 18 years is now seeking to sell the property so he can invest into a residential property while retaining the profitable going concern businesses.

The General Store has character bursting from its exposed wooden beams to its polished wooden floors. The shop has everything a local or tourist is looking for - from everyday grocery necessities, beer and wine, Puhoi souvenirs, hot pies, chips and oysters, as well as good coffee and Danish pasties. Patrons can sit out in front or in the courtyard under the large raised verandah with views across to the Puhoi River. Part of the store is also utilised as a real estate office for Mike Pero Limited.

Adjoining the general store is the recently completed modern four-bedroom home. Outdoor dining, large decks and an open plan design provide a space ideal for the entertainer or family.

Currently used by the owner, the home would also be ideal for alternative business opportunities such as a B&B type operation or rental investment. School buses pick-up and drop-off regularly from directly outside, providing transport to the North Shore and Warkworth schools.

Good carparking is a key component to allow for future development. Fortunately, there’s plenty here, from roadside parking outside the store for customers and buses and 16 consented carparks are provided onsite.

Puhoi was originally established in 1868 by immigrants from Bohemia, whose names adorn many of the road signs in the area and whose descendants still call Puhoi home. Since those early days Puhoi has developed into a bustling tourist village, whose attractions also include the legendary Puhoi Pub, Puhoi River Kayak Tours, The Puhoi Cheese Factory & Café and the monthly farmers market.

The land and tenanted buildings at 109 Puhoi Road are being marketed for sale by tender by Bayleys Warkworth salespeople Henry Napier and John Barnett who said: “The block is one of only one two commercial zoned land holdings in the centre of Puhoi. Southern access both from and to the new toll road north and demand from those looking for a lifestyle change, will continue to underpin values in the area now and into the future.”


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Freight: New Report On Auckland Port Relocation

The Government has released a major new report on the options for relocating the Port of Auckland’s freight operations while deferring any decision on the issue. More>>

ALSO:

Chartered Accountants: COVID-19 Fails To Knock Kiwi Investor Confidence, But More Disclosure Wanted

Three months of COVID-19 lockdown and investment turmoil has done little to knock confidence in New Zealand capital markets and listed companies with overall investor sentiment very similar to 2019, an investor survey held in mid June shows. However, ... More>>

ALSO:

Taxation: Black-Market Tobacco Sidesteps $287 Million In Excise Tax

Year-on-year increases in consumption of illicit tobacco in New Zealand have seen illegal trade swell to 11.5% of the total market. If consumed legally, illicit products would have netted the Government $287 million in excise tax during 2019. Independent ... More>>

ALSO:

Energy Sector: Meridian Spilled Water To Hike Electricity Prices - Authority Ruling

The Electricity Authority has found that generator Meridian Energy manipulated the power market, costing consumers about $80 million. More>>

ALSO:

XE Data Update: RBNZ Official Cash Rate Decision

The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR unchanged at 0.25% Maintain the LSAP (large scale asset purchase) at NZD$60 billion. Committee prepared to use additional monetary ... More>>

ALSO:

Electricity: Kiwis Ignore Promise Of Cheaper Power

Electric Kiwi and Flick Electric Co are joint winners of Canstar Blue’s award for Most Satisfied Customers | Electricity Providers From putting on an extra layer – rather than turning on a heater – to turning off lights and choosing the energy-saving ... More>>

ALSO:

Electricity: Transmission Pricing For A Low Carbon Future

The Electricity Authority has decided on new guidelines for transmission pricing. James Stevenson-Wallace, Chief Executive of the Electricity Authority says the new guidelines will deliver significant benefits to consumers, through lower electricity ... More>>

ALSO:

NIWA: The Climate Record That Keeps Getting Broken

Among the multitude of New Zealand climate statistics there is one record that continues to be broken month after month. Since January 2017 there has not been one month that recorded a below average nationwide temperature, according to NIWA’s seven station ... More>>

ALSO:

Govt: Extended Loan Scheme Keeps Business Afloat

Small businesses are getting greater certainty about access to finance with an extension to the interest-free cashflow loan scheme to the end of the year. The Small Business Cashflow Loan Scheme has already been extended once, to 24 July. Revenue and Small ... More>>

ALSO:

Science: 2019 Prime Minister’s Science Prizes Announced

The 2019 Prime Minister’s Science Prizes have been announced in a digital livestream event today. The Prizes recognise the impact of science on New Zealanders’ lives, celebrate the achievements of current scientists and encourage scientists of the ... More>>

ALSO:


RNZ: Fuel, Alcohol Costs To Go Up From Today

The increase today in the taxes on fuel, road user charges and alcohol is being called a tone-deaf move. More>>

ALSO:

Stardome Observatory: Young Kiwi Astro-Photographer Shoots For The Stars

Matariki by Josh Kirkley. The stars are aligning for up-and-coming Auckland-based astro-photographer Josh Kirkley (Kāi Tahu). During lockdown, one of his images was picked up by NASA and shared on the space agency’s Instagram to its 59.2 million ... More>>


DCANZ: Time For EU To Commit To A Level Playing Field For Trade

The Dairy Companies Association of New Zealand (DCANZ) has welcomed New Zealand Trade Minister David Parker’s statement that it is unacceptable for New Zealand exporters to continue facing an ‘unlevel playing field’ in the EU. Details leaked ... More>>

ALSO:

Potatoes New Zealand: Protecting NZ Fries As Part Of PNZ Pandemic Recovery & Transformation Plan

Potatoes New Zealand has met with Minister Faafoi this week to discuss investigating the potential importation of heavily discounted frozen potato chips into New Zealand. With MBIE’s support we are undertaking an investigation to gather evidence of the ... More>>

ALSO:


New Zealand Government: Supporting Kiwi Businesses To Resolve Rent Disputes

The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. More>>

ALSO: