One of central Whangārei’s most strategic commercial landholdings is for sale ripe for immediate occupation and future intensive redevelopment in a key gateway location.
Positioned on a high-profile corner between the CBD and Town Basin, the more than 2,500-square-metre freehold site enjoys extensive frontage to Rathbone Street, Dent Street and James Street.
Previously home to a motor vehicle dealership, the now vacant site offers ready functionality for a variety of occupiers along with long-term flexibility, including the potential for a multi-storey commercial or mixed-use redevelopment.
The property is being offered for sale on behalf of receivers by Bayleys in the North Commercial.
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Bayleys salesperson Nigel Ingham says its prominence, accessibility and pivotal location promises excellent exposure for occupiers while underpinning future appeal for developers seeking to unlock the site’s full potential.
“Combining scale, profile, location and versatility, this property offers buyers the opportunity to secure one of Whangārei's most significant CBD landholdings.
“The site will appeal widely, being well suited to owner-occupiers seeking standout commercial premises, developers looking to reposition the site, or investors seeking to secure a strategic CBD landholding.
“Vacant possession will give new owners immediate control of the property. This allows owner-occupiers to relocate their business straight away or gives developers and investors maximum flexibility to implement their preferred strategy,” Ingham says.
The property at 42 Rathbone Street and 71 James Street, Whangārei is being offered to buyers by way of a tender closing on Wednesday 26 August (unless sold or withdrawn prior).
The sale is being marketed by Ingham and colleague Daniel Sloper, of Bayleys Whangārei.
Spanning some 2,568 square metres across three freehold titles, the commercial landholding is one of the largest in the city centre. Approximately 1,144 square metres of buildings house showroom, workshop and office areas, along with extensive canopies.
Sloper says this could suit continued automotive use, trade retail, showroom, office or service-related occupiers, while also offering the potential to earn holding income by leasing the premises.
“Whether your objective is owner occupation, refurbishment, leasing or redevelopment, the existing improvements provide a practical platform while preserving the site’s exceptional long-term development potential,” he says.
The property occupies a key CBD gateway site recognised in Whangārei City Council’s masterplan.
Flexible City Centre zoning supports an array of uses, spanning commercial, retail, office, hospitality, visitor and residential accommodation, and mixed-use activities, subject to necessary approvals.
Building heights of up to 24 metres are permitted, potentially rising to 32 metres if relevant planning requirements are met.
"The strategic position with triple street frontages, City Centre zoning and substantial land area create multiple pathways to add value over time.
"Whether the future involves refurbishment, redevelopment or a mixed-use project, the underlying landholding provides the versatility to respond to changing market demand,” says Sloper.
Future activities at the site will benefit from its highly strategic position within the CBD, he says.
“This location beside the Town Basin places it well to benefit from the continued evolution of the city centre. Ongoing investment throughout the Town Basin reinforces the area's status as one of Whangārei's premier commercial, hospitality and visitor destinations.
“Businesses here enjoy excellent access, visibility and connectivity, within easy reach of the city centre, Town Basin marina, hospitality precinct and key retail and civic amenities.
"State Highway 1 and Whangārei Airport are also close at hand, supporting efficient links across Northland and beyond,” Sloper says.
- Supplied by Bayleys
