163–167 Rodney St, Wellsford
$1,295,000
When looking for commercial investment, location is definitely super-important.
This property also ticks other boxes too:
√ Central location
√ Fully tenanted
√ Good returns
√ First time ever on the market in 84 years
These kind of properties do not come to the market often, and this one has been with the same family for three generations, since its inception.
Built by Harry Culpan in 1936, he was amongst the first to realise this location’s valuable trading position. A centre to all the surrounding farming and coastal areas as well as on the main route north, it’s exactly halfway between Whangarei and Auckland. Wellsford is more than just holding its own, it has incorporated into the increasingly fast pace of growth of Rodney District as a whole.
The land is in two titles, totalling 933m2, with 1,264m2 of buildings across both. Seven tenants in all comprise of two street level retail, three first floor health businesses, storage and studio, with residential to the rear of the property. There is much potential for further development.
Regional growth is the big talk these days, and for good reason. It’s vital if we are to build a better future, a better quality of life. Will you be as forward thinking as our grandparents?
If you are an astute investor looking to expand your investment portfolio into our region, call us. This is a rare opportunity!
Contact Jennifer Starr on 021 023 78871 or jennifer@goodground.com if you would like to find out more
The History of 163 – 167 Rodney St, Wellsford
In the 1930s Wellsford was not the gateway to the north that it is today.
The family outside Culpan’s Building, 1953 Queen’s visit.But Harry Culpan could see the potential. In 1930, just one year after the Great Depression, Harry moved his wife and daughters from Auckland to Wellsford and the first Culpan’s Drapery store opened.
By 1936, the current Culpan’s Building was constructed in the epi-centre of what was to become Wellsford township – a very forward thinking move at the time.
Covering a double shop frontage over three levels, this has remained a meticulously maintained and very major retail building for Wellsford.
Culpan’s Building is still owned by the same family and this is the first time in 84 years that it has ever been listed for sale. Family properties in provincial New Zealand do not come up often and so it is well worth a look. Wellsford is now considered to be the northern border of the Auckland region and due to continued expansion and improved roading is a sought after location.
Still the central service town to all the surrounding areas, the location of this investment could not be better. Fully tenanted with great returns, this may be your opportunity to benefit from strong regional growth.
