Interest sought for bank branch sale

3:00 PM Friday September 1, 2017 True Commercial

Opotiki’s ANZ Bank branch at 108 Church St is for sale. Photo / Supplied

The land and a building housing the ANZ Bank branch in the Bay of Plenty township of Opotiki are for sale.

The central property, at 108 Church St, comprises a 330sq m building on 413sq m of freehold land, with an A-grade rating under the National Building Standards.

The branch is now on a one-year lease paying $46,685 net per annum running through to the middle of next year, with five further one-year rights of renewal.

ANZ Bank has been a tenant at the site since the premises was constructed in 1985. It is being marketed for sale at auction on September 13 through Bayleys Tauranga and features in Bayleys’ latest Total Property magazine.

Agent Brendon Bradley says the open-plan retail banking branch included a mezzanine level with staff amenities and a records storage area.

Bradley says adjacent to the building is a walkway leading to a large public car park at the rear of the premises.

“This is an entry-level and affordable commercial opportunity.”

The ANZ group of companies encompasses some of New Zealand’s best known financial brands, including ANZ, OnePath, ANZ Investments, UDC Finance, Bonus Bonds and ANZ Securities. ANZ is one of New Zealand’s largest companies based on profit and assets — employing around 9000 people.

About 8500 people live in the Opotiki district. Just under half of the resident population lives in the Opotiki township, with the remainder living in smaller outlying communities. There are 20 marae in the district, a focal point for local communities, along with a number of strong farming, lifestyle and coastal settlements.

The region’s economy is driven primarily by agriculture — with more than 400 farms, while the majority of horticultural land is planted in kiwifruit.