Hawke’s Bay’s trampoline centre site on the market

The land and buildings housing one of Hawke’s Bay’s most popular recreation attractions have been placed on the market for sale.

The freehold land and buildings at 403 St Aubyn Street East in Hastings is currently home to indoor trampoline arena operator Flipout.

Featuring 30 trampolines catering to a variety of abilities and ages the attraction primarily targets its marketing towards children and their parents for hosting events such as birthdays and holiday activities.

The Hastings business is part of a Flipout’s New Zealand-wide network with sister sites in Christchurch East, Tauranga, Rotorua, and Timaru and new venues set to open in Nelson and Christchurch West.

Flipout has a current five year lease on the majority of the St Aubyn Street Eastpremises - returning annual rental of $140,000 per annum. The existing lease signed at the end of last year runs through to 2021, with five further five-year rights of renewal and Flipout paying all operational expenditure. The lease also includes 42 car parks.

The building is also occupied by vehicle rental firm Metro Rentals.

The 403 St Aubyn Street East land and building are being marketed for sale by tender through Bayleys Hawke’s Bay, with tenders closing on 9th March.

Bayleys Hawke’s Bay salesperson Paul Garland said the 3,049 metre² of land and 1,640 metre² building were zoned industrial and had a combined ratable value of $1.4 million.

Both the Flipout and Metro Rentals portions of the building have their own individual bathroom facilities, administrative offices, and staff room amenities. The Flipout operation also includes a public café area.

Garland said the industrial neighbourhood of the St Aubyn Street East leisure centre complimented the business’s core tenancy - located on the city’s main arterial route with some 16,000 vehicles per day passing the property.

Garland commented "Flipout’s busiest periods are the weekends and school holidays when children need time-consuming activities to entertain them. Both these periods are simultaneously the quietest trading periods for many of the adjoining industrial businesses.

“This works perfectly for overflow parking utilising the meter-free spaces on St Aubyn Street East.

"The high stud ceilings and open plan floor space ensure that the energy and body heat created by Flipout’s highly active clientele are easily absorbed into the environment through the use of simple window ventilation."

Established in Sydney, Flipout is an internationally-franchised company with 60 trampoline parks spread throughout Australia, Dubai, Malaysia, Mexico, Namibia, Scandanavia, Spain, Taiwan and the UK.

16th September 2016 - FLIPOUT OPENS THE MIDDLE EAST’S LARGEST TRAMPOLINE PARK 

7th July 2016 - KIDSAFE QUEENSLAND HIGHLIGHTS SAFETY RISKS AT TRAMPOLINE ARENAS

21st June 2015 - AUSSIE LOCKERS INSTALLS KEYLESS ELECTRONIC LOCKERS AT FLIPOUT TRAMPOLINE PARKS

14th March 2014 - FLIPOUT OPENS LATEST TRAMPOLINE CENTRE ON SYDNEY’S NORTHERN BEACHES