109 Main Road, Makaraka, Gisborne

Multiple purchase options available

Located at a prime corner of the North and South highways leading from and to Gisborne, this long established retail and service business comes with both land and buildings. It includes two rented residential homes, generating steady income, along with rental income from the commercial building and its associated business operations.

The following purchase options are now offered:
i) Purchase land, building and business - $1.8m (plus stock at valuation and plus GST)
ii) Purchase just the land and buildings - $1.4m (plus GST if any)
iii) Purchase just the business - $400,000 (plus stock at valuation and plus GST if any)

After more than 30 years of ownership, the current owners are ready for a well-earned retirement. The business, however, remains a staple in the community, serving both rural and city customers with a variety of quality retail goods. This includes being the only RM Williams retailer in the Gisborne area, along with selling equine supplies, shoes and clothing. Additionally the business offers a range of services including saddlery, shade sail manufacture and installation, blinds, awnings, and general leather and canvas repairs. The business also operates a busy Post Shop agency, and boasts a successful e-commerce website.

The property covers an impressive area of 1797sqm (more or less) on a highly visible corner site. New owners have the option to live on-site or continue renting out the two residential cottages, which have consistently attracted tenants.
This is a rare opportunity, ideal for an owner-operator, partnership or family business, as it has been to date.

Boundary lines are indicative only.