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Kaeo, 9 and 4 Leigh Street

Established Farm supply business. - Freehold Going Concern

Price by Negotiation

Listing Number: KK25324
About this listing
This store has been servicing the greater Whangaroa and surrounding areas for over 50 years. Kaeo Farm and Fuel provides a range of farm supplies, gardening supplies, hardware, food, bait and ice to a very loyal customer base.

Located on coastal State Highway 10, the business greatly benefits from the influx of travelers and tourist traveling further north or to the attractive Whangaroa harbor. Kaeo Farm and Fuel business is SEPARATE from the fuel supply which is operated by Allied at very low fuel prices, however, there is a great benefit to Kaeo Farm and Fuel from the forecourt traffic. Allied Petroleum leases the forecourt on a 10-year lease (8 years remaining) offering secure future income to a new owner.

The property consists of 1,034m² of commercially zoned land with 276.3m² of rentable floor area.

The property has dual access, the main being from Leigh street and secondary from Waikare Ave which gives access to the Contact LPG tank and loading area. A Purchaser has the option of the property and business OR the business only.

Business Only Price: $80,000 + GST (if any) + Stock at Value (stock approx. $130,000 + GST).
Property and Business: Price by Negotiation

Contact the commercial specialist for further details and an information pack.
Property Information
  • Approx Floor Area: 276 sqm
  • Tenure: Fee Simple
  • Property Type: Land, Retail, Tenanted Investment
  • Approx Floor Area
    • Office Square Metres: 13
    • Warehouse Square Metres: 123
    • Mezzanine Square Metres: 46
    • Retail Square Metres: 94
  • Tenancy: Total rental if more than 1 tenancy $ (+ GST): $47,000 pus GST, Additional Details: Rates 2017/2018 = $2,970.00 plus GST Insurance 2016 = $2,500 plus GST
  • Tenancy 1: Area Sqm: 276.3 + Yard, Commencement Date: 2017-08-01T00:00:00.0000000, Expiry Date: 2020-07-31T00:00:00.0000000, Rental net/gross p.a.: 17,000 + GST, Review Dates: on renewal, Rights of Renewal: 2 of 4 years each, Tenant Name: Farm & Fuel, Term (years): 4 years
  • Tenancy 2: Area Sqm: 258m² + 305m², Commencement Date: 2015-08-01T00:00:00.0000000, Expiry Date: 2025-08-31T00:00:00.0000000, Rental net/gross p.a.: 30,000 + GST, Review Dates: 3 yearly on anniversary of commencement date., Rights of Renewal: 2 of 9 years each, Tenant Name: Allied Petroleum Ltd, Term (years): 10 years

Contact Details

Kerikeri

Bay of Islands Realty Ltd

Licensed REAA 2008

74 Kerikeri Rd
Kerikeri
Office website

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