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Leading boat yard will put wind in buyers’ sails

Tags: Commercial

The land, buildings and business sustaining one of New Zealand’s leading boat yards have been placed on the market for sale.

The 4.4ha property at 10-12 Fraser Street, Port Whangarei, Northland, is occupied by Norsand Boatyard and generates a rental income of $110,300 a year.

Both the property and the business are being marketed for sale by tender by Bayleys North Shore Commercial, with tenders closing at 4pm on December 7.

Bayleys sales agent Ranjan Unka says: “Potential buyers could retain and run the boat yard business.”

Norsand Boatyard is well-known in local and international boating circles for boat repairs, rigging and refits. Its service staff includes boatbuilders, painters, engineers, welders, labourers and experts in fiberglass and osmosis repairs.

The company specializes in multi-hull vessels and has a custom-built hydraulic trailer capable of lifting a 40-tonne multi-hull up to one-and-a-half metres if required. Heavier commercial catermerans up to 120 tonnes in weight are hauled on a conventional railway.

The closed yard has hard stand provision for more than 120 yachts and boasts a concrete slipway that has a capacity for vessels up to 120 tonnes in weight and with beams of up 11 metres in height.

The property is 1.5km from the centre of Whangarei at the end of a quiet no exit street and has a rural outlook across the river.

It comprises 2.26ha of freehold land and 2.14ha of leasehold land with potential freehold available. The buildings are situated on both freehold and leasehold land - 800sqm and 440sqm respectively.

The main building on the site houses a half-round workshop, office space, a commercial laundry, storage and toilet amenities and a small shop.

The area is mixed use heavy industrial, with neighbouring businesses mostly marine and engineering-related.

Mr Unka says: “Whangarei’s commercial and industrial property market is well positioned for future growth, thanks to a growing population base and rising levels of residential construction activity.

“Longer term benefits will flow from the planned major grades to State Highway 1. These will reduce travel times between Whangarei to Auckland as well as connections to key freight destinations such as Hamilton and Tauranga.”

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