Elevated view of four-storey Papakura CBD building housing the town's museum and library at 34 East St.
Elevated view of four-storey Papakura CBD building housing the town's museum and library at 34 East St.
A large commercial property which is home to the Papakura library and museum and has a 10 year lease to Auckland Council is up for sale in Bayleys' latest Total Property portfolio.
Units 1,2 & 4 at 34 East Street, totalling 4245 sq m on three titles and producing net annual rental income of $586,500, are being marketed as one lot by James Chan, Matt Lee and Quinn Ngo of Bayleys' international division in conjunction with Peter Migounoff of Bayleys South Auckland.
The property, located in the retail and business heart of Papakura, is up for sale by tender closing at 4pm on Thursday May 28, unless it sells earlier by private treaty.
Quinn Ngo of Bayleys.
The building was originally constructed in the late 1990s for the former Papakura District Council as a purpose built complex incorporating the library, a museum and educational resource centre. It underwent a major internal and external redevelopment in 2010 and now comprises four levels in total.
The offering for sale encompasses the Sir Edmund Hillary Public Library, Papakura Museum, Twilight Cafe, the Papakura Education Services shop and parking areas for 155 cars on two levels. It also includes a high-profile public atrium walkway connecting with Great South Road, Papakura's main street and the building's main entrance.
Peter Migounoff of Bayleys.
The Papakura District Council, now amalgamated into Auckland Council, committed to a 10 year lease over all of the refurbished building in September 2010, with two 10-year rights of renewal and two-yearly rent reviews to market.
"The council has made a big investment in this important community centre for Papakura," says Chan. "It's been fitted out to a high standard and it's one of the central business district's best buildings."
The Sir Edmund Hillary Library is one of 55 Auckland Council libraries situated throughout the Auckland region and is the only one in Papakura, with the nearest other libraries being in Manuwera and Pukekohe. Lee says the library caters for all of the Papakura region, which at the 2013 Census had a population of 45,636 people. By comparison the entire Auckland region has an average of one community library for every 25,700 people, he says.
The Papakura Museum is a community museum founded by members of the Papakura & Districts Historical Society formed in1961 which continues to operate with the aid of society volunteers. It is home to a continually growing collection of photographs, objects and documents which tell the story of Papakura and surrounding districts. The museum also offers a research room providing history and information on local families, schools, churches and businesses.
The Papakura Education Services shop is a local store selling a range of stationery supplies, educational toys and games, special needs resources, specialised numeracy kits, science experiments, music equipment and teacher resources. The Twilight Cafe is located between the library and museum.
Matt Lee of Bayleys
Lee says Papakura has a significant and growing population base, which increased by 9.8 per cent between the 2006 and 2013 censuses. "Great South Road is the major shopping destination for locals with its strip retail experiencing a high level of foot and vehicle traffic. Public transport services are close to the property with a bus stop located very near the building's entrance at 209 Great South Road, while Papakura Railway Station is about 500 metres away. The building itself also provides excellent public parking which is accessed from East Street."
