A single-level building housing one of Northland's most productive boutique bakeries is for sale.
The property, at 334 Kerikeri Rd on the outskirts of Kerikeri's central business district, hosts one of the region's biggest cafes - serviced by a bakery at the rear of the premises - and a full commercial-grade kitchen.
The building is being jointly marketed for sale by negotiation through Bayleys Whangarei and Bayleys Kerikeri, with salespeople Ross Blomfield and Chester Rendell handling the process.
Blomfield said the stand-alone freehold building on 756sq m of land was constructed in 2004.
The building is occupied by two tenants - a large bakery/cafe and a business providing internet computer access and design/print and photocopying services.
The bakery and adjoining retail outlet occupy 426sq m of the site; the copy centretakes up 141sq m. Blomfield said the cafe had indoor/outdoor seating capacity for up to 80 people, operated seven days a week, and had its own 64sq m office on a mezzanine floor.
Kerikeri Bakehouse has a six-year lease in place, expiring in 2017 with a further six-year right-of-renewal.It generates annual rent of $110,712.
The second tenant is Antix Copy Centre which has a four-year lease expiring in 2014 with a further four-year right of renewal, and generating $30,000 per annum. The property has a Far North District Council valuation of $1,125,000.
"One of the big benefits of this site is the extensive amount of car-parking space available immediately in front and rear of both premises - with room for a total of 30 motor vehicles," Blomfield said.
The cafe had a loyal clientele. The modern interior decor was light and airy, while the al-fresco courtyard was shrub-lined on the roadside.By Colin Taylor Email Colin