Freehold property-Income today, potential tomorrow

Own the property. Own the business. Freehold going concern.

An exceptional opportunity to acquire a freehold property and established business in Wellsford, a township positioned for continued growth and future development. This offering combines freehold land and a substantial building with an established, remotely managed self-storage business, providing immediate income together with longer-term potential.

Prominently positioned on State Highway 1 on the outskirts of Wellsford, the property occupies a high-profile corner site within a Light Industrial zone. The site comprises approximately 870 sq m of freehold land and a substantial 585 sq m building, offering an attractive combination of land, improvements and an established income-producing operation.

The business currently operates as a self-service storage facility comprising 31 storage units of varying sizes. Its remotely managed operating model provides an efficient and relatively passive income stream, making it an appealing proposition for investors seeking a business with limited day-to-day management requirements.

Wellsford continues to experience residential and commercial development, with further growth expected to increase demand for storage and other commercial services. The approved Warkworth to Te Hana motorway extension is expected to further improve connectivity and support the long-term growth of the wider region.

For an astute buyer, the opportunity extends beyond the existing business. The combination of a substantial freehold site, strategic corner location and Light Industrial zoning provides scope for future expansion or development, subject to the necessary consents and approvals.

Rare chance to acquire freehold land, an established income-producing business and future development potential in one package are rarely available. Whether you are seeking a passive investment, an established business, or a property with longer-term upside, this is an opportunity that deserves serious consideration.

For further information or to arrange an inspection, please contact Mustan Bagasra at New Zealand Sotheby's International Realty.