The Hollywood Bakery at 65-71 Porana Rd, in the Wairau Valley, is identified (at left) by a red border. Photo / Supplied
The Hollywood Bakery at 65-71 Porana Rd, in the Wairau Valley, is identified (at left) by a red border. Photo / Supplied
A pair of suburban food and beverage premises, in busy light commercial and retail hubs on Auckland's North Shore, are on the market.
The two individual properties feature a bakery and a Middle Eastern kebab premises.
Bayleys Real Estate is marketing both properties as investment grade opportunities - featuring them in the agency's latest Total Property magazine out this weekend - with just the land and buildings on offer in both instances.
The first, land and buildings housing a branch of the Hollywood Bakery franchise chain, are for sale at 65-71 Porana Rd in the Wairau Valley. The property goes to auction at 11am on October 24, through Bayleys North Shore. Salespeople Adam Curtis, Damian Stephen and Steven Liu say the bakery was part of a high-profile retail block overlooking an extensive customer car parking amenity.
Occupying 133sq m of space, the Hollywood Bakery is on a six-year lease running through to 2014, generating annual net rent of $55,000.
Curtis says the bakery's floor to ceiling windows enable a generous flow of natural light into the property — which is frequented by both staff from nearby factories and retail outlets, and by shoppers visiting the retail neighbours. The Porana Rd block containing the Hollywood bakery is zoned Light Industry under the Auckland Unitary Plan.
Persia Kebabs at Unit 7,162-178 Wairau Rd, is indicated by a red border. Photo / Supplied
"The freehold premises is serviced by ample shared car parking immediately outside its front door and has access to the installation of new signage on the floor above," Curtis says.
"While the ongoing evolution and disruption of the traditional retailing sector from increased e-commerce continues — both online and in physical outlets — food and beverage-tenanted investments, backed by proven brands such as Hollywood Bakery are increasingly sought after."
Nearby, in the upper section of the Wairau Valley, the second food and beverage premises is being marketed for sale. Unit 7 in the Wairau Junction block at 162-178 Wairau Rd houses kebab and burger outlet Persia Kebabs.
Occupying 45sq m and overlooking the block's sizeable customer car parking lot, Persia Kebabs is on a four-year lease running through to 2021 with a further four-year right of renewal, generating annual net rent of $30,600 plus GST and outgoings. It goes to auction at 11am on October 24 through Bayleys North Shore.
Salespeople Andrew Lin and Ranjan Unka say the unit, in the Wairau Junction shopping precinct, is predominantly occupied by food and beverage orientated tenants.
"For example, neighbouring premises within Wairau Junction include the likes of Coffee Club, Pizza Hut, Nandos, and Pita Pit. The array of food and beverage-focused tenancies ensures Wairau Junction is a magnet for workers in the immediate vicinity," says Lin.
"The surrounding neighbourhood consists of light industrial premises and multiple new and used car yards."
He adds that the corner site at Wairau Junction has car parking for more than 150 vehicles and has multiple access points off both Wairau and View roads. The block is zoned Light Industry under the Auckland Unitary Plan.
