The land, buildings and business interests of a well-established and locally owned marine retail and service operation in the central North Island township of Tūrangi are for sale as a freehold going concern, with an option to purchase just the business also on offer.

Tūrangi Marine is located on a prominent corner site in Atirau Road, just off State Highway 1, around 50km from the Taupō CBD.

It is owned by Craig Lyons and Pauline Jenkins who are active in the community recreationally, professionally and charitably, including having a close involvement with the local Coastguard Unit.

The business operates from a flat circa-4,330sqm site that supports a generous retail showroom for new Buccaneer and Extreme boats, Yamaha outboard motors, water sports equipment and accessories. There are associated offices, along with a newly built four-bay boat fit-up shed, service workshop, plus boat, jet ski and outboard testing tanks. The driveway and front yard are sealed, the balance of the site is gravelled, and the entire site is security-fenced.

The existing buildings have a combined footprint of around 780sqm, suggesting that the Industrial Environment-zoned site is underutilised which could support additional development to be explored by interested parties following due process through the usual council channels.

The current owner built a second workshop to accommodate growth within the business which has seven full-time staff, including the two owners, and two part-time employees.

The business is open six days a week, with revenue figures available by request via the agents and on the signing of a confidentiality agreement, with the annual lease for the property assessed at $76,000 per annum plus OPEX and GST.

Lucy Baxter and Maurice Heappey are marketing the freehold going concern offering by negotiation, with the option to purchase just the business interests also considered.

The substantial land and building assets and the well-performing business founded on a loyal customer base, offers opportunity for new owners and is underscored by strong growth potential, said Baxter.

“The property is not your typical more-gritty industrial site – it’s a good-looking and proven retail and service hub with over 30 years of operational history in a region that celebrates Lake Taupō with its fishing and other recreational amenity.

“Tūrangi Marine has carved out a solid business reputation as a preferred company for a broad range of clients, with the central location just off New Zealand’s busiest highway offering convenience and ease of access.

“There are multiple boat storage yards in Tūrangi making the business well-placed to handle servicing or repair needs, and there are many holiday homes in the southern settlements around the lake between Tūrangi and Taupō itself which provides a captive audience and market for the business.”

Describing the vendors as “motivated”, Baxter said she and Heappey welcome enquiry from those looking to acquire the assets and business lock, stock and barrel – or from people interested in buying just the business to run it themselves.

“There are options to explore here. While the business has been well-nurtured and consolidated by the current owner, it could now be taken to the next level under new ownership given the size of the site, and market opportunity.

“Arguably, Tūrangi properties offer better value for money than Taupō and it is a town that should see future growth as commercial and industrial land is in fairly tight supply in Taupō.”

Click here for more information on the listing.