PHOTO: Up for grabs at 252 Oriental Parade and 1 Baring Street, in Oriental Bay, Wellington, is a popular dairy and upstairs living quarters and a separate house at the back. Photo / Supplied
On one of New Zealand’s most affluent streets, a renowned dairy shop and its accompanying residence are now available, potentially at a remarkable price point.
Situated on Oriental Parade, the Oriental Bay Store, along with the dwelling behind it, has been listed for sale with an estimated price of approximately $3.5 million.
The dairy has been an integral part of Wellington’s retail history, nestled between two towering structures yet offering some of the finest harbor views.
The ground-level shop at 252 Oriental Pacustom basketball jersey cheap wig nike air max sale mens nfl shop coupon code best female sex toy nike air max correlate cheap lace front wigs best sex toys cheap human hair wigs custom baseball jerseys nike air max for sale nike air jordan retro 4 adidas online nike air max for sale nike air max 270 womens rade, once known as Newport’s Store, has been serving Wellington residents since the late 19th century and has earned a reputation for serving the city’s finest ice cream.
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Above the shop is a four-bedroom apartment, which the listing agent suggests is in need of a smart renovation to maximize its prime location. Situated at 1 Baring Street behind it is a colonial-style, two-story weatherboard home, subdivided into two flats.
The combined rateable value (RV) of these properties exceeds $7 million, but they are being offered to potential buyers for less than half that amount. According to Tommy’s agent Phil Mears, “RV doesn’t necessarily correlate with the selling price.” The owner is selling these properties as a single lot but is open to the possibility of selling them separately. Mears emphasizes that “it would make sense for the buyer to acquire it as a single piece of land.”
Mears also mentions the potential for development, as the site is zoned for inner residential use with a height restriction of 28 meters. Next door, the Mitika Apartments stand at seven stories high.
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“It presents opportunities for potential development, whether as a single residence or apartments,” he adds. “Someone may want to purchase this excellent site and create a luxurious, high-end home in Oriental Bay. It’s an ideal north-facing site for creating something extraordinary.”
The front building has undergone earthquake strengthening work and has received a Certificate of Compliance for this.
The dairy serves one of the wealthiest suburbs in the capital. Photo / Supplied
Above the dairy is a four-bedroom home with some of the best views in Wellington. Photo / Supplied
These properties could also be of interest to investors and land bankers, Mears suggests.
The history of the dairy at 252 Oriental Parade dates back to at least 1890 when Moore Wilson & Co, a wholesaler, opened a store at this location. In the 1930s, the Newport family acquired the site, establishing Newport’s Store. Over the years, generations of Wellington residents have frequented the shop, especially for its highly-rated ice cream, named one of the city’s top ice cream and gelato shops by Urban List in 2021.
In a press release from 2018 when the property was last on the market, Sara Dockery, a member of the Newport family, recalled how her parents, Roger and Judith Newport, managed the dairy in the days before supermarkets. They took phone orders from local residents, personally delivering groceries and even unpacking them on customers’ kitchen counters, particularly for elderly customers. Everything was meticulously packed in paper bags, and the store was known for its freshly sliced ham and bacon and the finest produce from Blair Street’s markets.
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Even after retiring as dairy owners in 1990, the Newport family continued to reside upstairs at 252 Oriental Parade, leasing the ground floor to Jiten Patel, who operated the business as Oriental Bay Store. Patel, a beloved figure in the community, managed the store for over three decades until shortly before his passing last year.
The Newport family purchased the rear property at 1 Baring Street in 1993, which they held until selling it to the current owner in 2018. This property is divided into two separate residences.
SOURCE: ONEROOF