A vacant street level premises, which has been run as a successful family-owned bar and brasserie for the past 18 years, is for sale for the first time in 20 years. The premises is located in the heart of the busy Epsom district, opposite Alexandra Park Raceway at 373 Manukau Road.
The unit is being marketed by Nicolas Ching and Anna Toyota of NAI Harcourts Auckland Central and will go under the hammer at 11am on December 18 at NAI Harcourts, 18 Emily Place, Auckland, if not sold prior.
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 this high profile retail destination.
“The owners of this busy and successful family run business have decided it is time to retire creating an outstanding business opportunity for the successful buyer of this unit,” says Ching.
The premises is located on a busy street that is lined with retail 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.
The building has a wide frontage with excellent exposure to Manukau Road, a main thoroughfare for the busy Epsom and CBD districts.
The unit has a total floor area of about 460 sq m and includes a mezzanine floor that could be utilised as extra seating for a restaurant or café, or as private office space or storage.
With a modern interior that has been recently refurbished to a high-quality standard, the property can comfortably seat up to 200 patrons.
Ching says the unit could be operated as a restaurant, café, other business or office space.
“The current owners of this unit have run this business as a successful family owned restaurant for the past 18 years. Their decision to retire could create the perfect opportunity for a buyer looking for a restaurant that is ready to go in time for the busy summer season.
“Likewise, the prime location of the unit means the building also lends itself well to other types of business such as cafes, retail, or for buyers looking for conveniently located office space,” says Ching.
There is space at the rear of the building that can be utilised for car parking. Off-street parking is also available nearby.
The site is currently zoned Business 2 which permits 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.
The unit will be sold as freehold. Total rates for the property for 2014/2015 are $16,569 + GST.
Ching says, “We don’t expect a business opportunity of this calibre to stay on the market for long. This location is a proven winner for all types of business and could be ready to be occupied within a month of settlement.”