Rotorua boat sales, service and storage

4:28 PM Friday July 6, 2018 True Commercial

The property housing Telfer Marine in the foreground with a row of self-storage sheds at the rear. Photo / Supplied

The land and buildings housing one of Rotorua’s biggest marine sales and service centres, along with a neighbouring row of commercially-operated terraced self-storage garages, is now for sale.

The corner property at Ngapuna sits on the intersection of Te Ngae Rd and Hamiora Pl, consisting of about 4721sq m of freehold land passed by more than 37,000 vehicles daily. Te Ngae Rd (State Highway 30) is the main arterial route east of Rotorua.

The bulk of the fenced and gated property is leased to Telfer Marine, at 236 Te Ngae Rd, Ngapuna, and houses multiple business activities. These include selling pleasure craft, running a workshop for outboard motors and operating a retail outlet selling parts and chandlery.

In addition, the Ngapuna property has 19 lock-up self-storage sheds — many of which are used to house vessels regularly serviced by Telfer Marine.

The property is being marketed for sale at auction through Bayleys Rotorua at 10.30am on August 8.

It features in Bayleys’ latest Total Property portfolio magazine out this weekend.

Bayleys Rotorua salespeople Mark Slade and Brei Gudsell say Telfer Marine occupies 838sq m of buildings on the flat rectangular site, while the storage units comprise 656sq m of buildings.

“Telfer Marine is the only boat yard and sales and servicing centre on the eastern side of Rotorua — conveniently located near the Tarawera Rd roundabout for easy access to the both the lakes region and State highway 30, leading on to Tauranga and Whakatane,” Slade says.

“This is why the storage garages are attractive to boat owners.

“Additionally, customers have easy access to ample free parking immediately outside its Hamiora Place entrance.”

Telfer Marine is on a new lease running through to 2027, which generates annual net rent of $108,000, with three further five-year rights of renewal.

Gudsell says the 19 storage sheds are occupied on a mix of weekly and monthly tenancies, now earning gross annual revenue of $63,440 net.