Situated in the mixed-use precinct fondly referred to as “The Village” on Main Road, near the Moores Valley Road intersection, this sale includes a block of partially tenanted retail shops along with a residential dwelling.
A row of 1940s and 1950s buildings on a substantial site held in three titles in The Village, Homedale have been placed on the market for sale as one lot via a mortgagee tender process.
Located in a commercial and residential precinct affectionately known as “The Village” on Main Road near the intersection with Moores Valley Road, the retail buildings form part of Wainuiomata’s oldest shopping area which was established to support a growing community when land in the suburb was subdivided for housing post-World War II.
The subject offering for sale comprises a parcel of eight partially leased retail shops and a residential dwelling, with a total 780sqm footprint on 2,746sqm Suburban Mixed Use-zoned land.
Given the mortgagee status of the offering, information around lease terms, income and seismic status is yet to be confirmed.
122-126 Main Road comprises three high-stud retail units with rear access via a right of way to the north side. These three shops are currently tenanted, and are home to a construction business, a beauty shop and the Wainuiomata constituent office for National MP, Chris Bishop. These tenancies also have access from a metaled yard to the rear, which could be leased up to provide additional holding income.
