Fruit and vege market properties

Pt Chev Fresh leases Unit D at 1110 Great North Rd. Photo / Supplied

The land and buildings housing two stand-alone suburban fruit and vegetable supermarkets in Auckland are for sale.

The pair of fresh produce stores are both in busy retail locations servicing established residential neighbourhoods.

The two locations are being sold by Bayleys Real Estate — with the businesses not included in the sale - and feature in the agency's latest Total Property portfolio magazine.

First up, is a 345sq m outlet housing Pt Chev Fresh, which has been a tenant on the site for 17-years. The freehold property at Unit D, 1110 Great North Rd features a single-level building in Point Chevalier town centre and comes with four car parks.

Pt Chev Fresh is on a five-year lease running through until 2021 with two further five-year rights of renewal and generates an annual return of $108,312, with outgoings.

The property is being marketed for sale at auction at 11am on October 24, through Bayleys Auckland. Salespeople Nicolas Ching, James Chan, and Quinn Ngo say the immediate neighbours of Pt Chev Fresh are very much focused on convenience retail operations – such as a butchery, bakery, laundromat, liquor stop, petrol station and take-away food premises.

"Being complementary to other retail outlets within the hub, Pt Chev Fresh is exposed to a high volume of foot traffic as customers buy their fruit and vegetable supplies from the store; their meat from the butcher next door; and a bottle of wine or six pack of beers from the liquor store on the other side. It's a symbiotic relationship for all tenancies," Ching says.

Ellerslie Fresh Mart is the tenant at 6 Findlay St, Ellerslie. Photo / Supplied

"The block is relatively modern and has been maintained to a high standard. This has underpinned its attraction to customers."

Meanwhile, at Ellerslie, another fruit and vegetable retail offering comprises the 272sq m premises accommodating the Ellerslie Fresh Mart. The freehold retail unit at 6 Findlay St comes with 10 car parks. Ellerslie Fresh Mart is on a five-year lease running through until 2019, with two further five-year rights of renewal and generates net annual earnings of $60,000.

Fresh Mart occupies the entire premises. This property, located in the heart of Ellerslie township, also goes to auction at 11am on October 24 through Bayleys Auckland.

Salespeople Oscar Kuang, Beterly Pan and Nicolas Ching describe it as directly across the road from Ellerslie train station, hence a convenient location for commuters to pop in and purchase their daily grocery needs on the way home from work. Ching point out that as a true 'neighbourhood' fruit and vegetable shop, "Ellerslie Fresh Mart makes for a local alternative to the big supermarket locations in Greenland and Panmure".