1420 Kensington Street, Putaruru, South Waikato

Solid Provincial Opportunity

This store has been servicing the surrounding rural community of this South Waikato town for over 20 years, supplying on-farm advice, support and supplies.

Conveniently located just off the town's main roundabout, and close to Bunnings Warehouse, this property enjoys a high profile to Kensington Street, which links to State Highway One. There is also rear yard access, and additional parking, from Buckland Street.

Bayleys is auctioning the Farm Source stores located in the Waikato, Hauraki Plains, Bay of Plenty, Taranaki and Horowhenua on behalf of RD1 Limited, a wholly owned subsidiary of Fonterra. All but one of the properties are being offered for sale with initial eight-year leases to RD1 plus rights of renewal.

Established in 2002 with the consolidation of the trading store networks of both the New Zealand Dairy Group and Kiwi Co-operative Dairies Limited, RD1 has a long track record of supplying and retailing to rural communities throughout New Zealand.

As part of a transformation initiative, its 71 stores are being progressively transitioned to trade as New Zealand Farm Source, with any remaining works on the properties for sale to be completed prior to settlement. The aim is to establish rejuvenated Farm Source branches as 'one stop' farm services retailers - selling animal feed, shed supplies, hardware, fencing, clothing, animal husbandry and stock management equipment, agri' chemicals, machinery, fertilizer, livestock, and nutritional supplements as well as providing advice and support to rural communities.

With the majority of the stores in the nationwide network already occupied by way of long term leases, the opportunity is being taken to free up capital to redeploy within the business - providing the chance for investors to secure well leased and located rural properties which otherwise would be very difficult to obtain.

This property is offered for sale by way of public auctions on 2nd of June as part of Bayleys' Total Property auction programmes. Don't hesitate to contact any of the Bayleys' team members marketing this property for further information or assistance.