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Divine intervention for Naenae commercial building
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A building on the
southwest corner of the Naenae suburban shopping centre –
originally purpose- built for the National Bank – will go
to auction with Bayleys on 29 October and one possible use
for the soon-to-be-vacant property is a church.
The
current tenants – Kowhai Health Trust – have been in the
property at 336 Cambridge Terrace for two and a half years
but have now outgrown the premises and will be vacating.
They are still on a monthly tenancy providing some
short-term holding income for a new owner.
Marketing
agents Paul Cudby and Andrew Smith of Bayleys Wellington say
the suburban commercial zoned property lends itself to a
number of usage options and as it has frontage to Cambridge
Terrace, has always been well-leased.
“The building
has excellent profile to busy Cambridge Terrace and is
within easy access of the motorway and public transport
options. The Naenae shopping centre caters for a substantial
residential catchment and nearby residential properties are
generally well-kept by a growing proportion of
owner-occupiers,” says Mr Cudby.
“Because of this
catchment, the property could be ideal for a church group
looking for premises in the heart of this community and it
would be a relatively easy conversion into a congregational
space with good amenities.”
Equally, the currently
part-open plan, part-partitioned space could be reconfigured
as a medical centre or retail space and the location would
be ideal for a convenience store or superette. Other
businesses in the general area include WINZ, Bunnings,
Resene and Rembrandt Suits.
Given its formative life
as a bank, the 365sq m building - mainly single level with a
modest first floor containing amenities – is
solidly-constructed with reinforced concrete columns and
beams, concrete floor and steel roof. There are electric
entry doors to the street, with rear access and parking from
a council service lane.
“This is a quality building
for the area and represents a sound investment for someone
looking to either kick-start - or add to - their commercial
portfolio,” says Mr Cudby.
ENDS
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