High profile Epsom retail unit ready to occupy
The vacant retail unit for sale at 373 Manukau Rd, Epsom.
A vacant Epsom street level property opposite Alexandra Park Raceway is for sale for the first time in 20 years after being run as a successful family-owned bar and brasserie for the past 18 years.
The unit at 373 Manukau Rd is being marketed by Nicolas Ching and Anna Toyota of NAI Harcourts Auckland Central and will go under the hammer at 11 am on December 18 at NAI Harcourts office at 18 Emily Place, Auckland, if not sold beforehand by negotiation.
Ching says the property makes an ideal investment for owner occupiers or investors wanting to capitalise on the strong level of pedestrian and vehicle traffic in the high profile retail area.
“The owners of this busy and successful family run business have decided it is time to retire creating an outstanding business opportunity for the buyer of this unit in time for the busy summer season,” says Ching.
He says the building is located on a busy street lined with shops, cafés and restaurants and is within easy walking distance of Greenlane hospital and the ASB Showgrounds. The retail precinct also services neighbouring high-density residential buildings.
Ching says the building has a wide frontage with excellent exposure to Manukau Rd which is a main thoroughfare for the busy Epsom and CBD districts.
The freehold unit has a total floor area of about 460 sq m and includes a mezzanine floor that could be used for extra seating for a restaurant or café, or as private office space or storage.
It has modern interior recently refurbished to a high standard and can comfortably seat up to 200 patrons. Rates on the property for 2014/2015 are $16,569 plus GST.
Ching says the unit could house a restaurant, café, another retail business or office space.
Space at the rear of the building could be used for car parking to complement nearby off-street parking.
The site is zoned Business 2 permitting a range of commercial, leisure and residential activities, with development controls allowing for a basic floor ratio of two-to-one up to a four-to-one maximum, with a height restriction of 12.5 metres or about three storeys.
“This location is a proven winner for all types of business and the unit could be ready for occupation within a month of settlement,” Ching says.
Mug shot of Nicolas Ching of NAI Harcourts who is quoted in the story.