Red Baron closing down

[Voltaire]

The value of commercial property is probably a contributing factor, where I live in Onehunga they are knocking down whole blocks and building apartments.

Council Site value:

Land value

$5,600,000

say 5% return (low end), thats $230K a year or $4423.00 a week potentially in rent. Add costs of running a business and you need a good

turnover with reasonable margins.

[SaferRides]

Oh. It appears they are the only Yamaha dealer in Auckland.

[Fresh Oats]

Oh. It appears they are the only Yamaha dealer in Auckland.

The only Yamaha dealer in Hamilton is a boat dealership. I don't think Yamaha are too interested in the nz market.

[reasonable]

In Wellington the only Yamaha dealer is in Upper Hutt hmm

[Zipper2T]

Oh. It appears they are the only Yamaha dealer in Auckland.

Cyclespot is a Yamaha dealer.

[SaferRides]

Cyclespot is a Yamaha dealer.

That's what I was trying to say.

[babysteps]

In Christchurch we have Trevor Pierce, home of the rudest, most arrogant bitch in Customer Service in New Zealand.

[jim.cox]

In Christchurch we have Trevor Pierce, home of the rudest, most arrogant bitch in Customer Service in New Zealand.

What? Worse than Casbolts?

[HenryDorsetCase]

The value of commercial property is probably a contributing factor, where I live in Onehunga they are knocking down whole blocks and building apartments.

Council Site value:

Land value

$5,600,000

say 5% return (low end), thats $230K a year or $4423.00 a week potentially in rent. Add costs of running a business and you need a good

turnover with reasonable margins.

5% is too low. Depending on condition and tenant the lowest I've seen is 6% and I told the guy he had rocks in his head.

Here's the thing with commercial property: it has no value really other than what it is returning. So a 5.6M RV really does not mean much. The landlord goes from having an asset whose value is best described (in shorthand) as "rent divided by return" to having a fucking liability because it does not have a tenant. Landlord still has (maybe) a mortgage on it and now has to insure it and now has to pay the rates ... plus any incomer might want work done, or a rent free period or a fitout, or a change of use might mean the council get involved and you argue with them for two years while not earning any income..... Commercial property is a blood sport and not for the faint of heart. It is endlessly fascinating though.

[HenryDorsetCase]

In Christchurch we have Trevor Pierce, home of the rudest, most arrogant bitch in Customer Service in New Zealand.

LOL you must be a complete dick because Rachel has always been excellent every time I have been in there.... both as a customer and as a tyre kicker. Plus they organise trackdays and rides and whatnot.

I speculate that the problem is you my son.

[HenryDorsetCase]

The only Yamaha dealer in Hamilton is a boat dealership. I don't think Yamaha are too interested in the nz market.

no large manufacturer of anything is "interested" in 4.5M people spread out on an island perched on the edge of the world about to fall off.

[Ulsterkiwi]

no large manufacturer of anything is "interested" in 4.5M people spread out on an island perched on the edge of the world about to fall off.

We are about to fall off!!!!


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[babysteps]

I speculate that the problem is you my son.

I'll buy this bike, going to the bank to sort out the money. 24 hours later, oh we sold it to someone else... didn't think you were serious.

Another time, my daughter. You shouldn't buy that helmet for your scooter, this $1000 one that doesn't fit you properly would be far better.

On a group ride of theirs. . . Oh you should ride at the back, you can't keep up with my R1M.

Shall I keep going? There about 10 more.

Not me sunshine. . .

[jellywrestler]

I'll buy this bike, going to the bank to sort out the money. 24 hours later, oh we sold it to someone else... didn't think you were serious.

.

did they refund your deposit?

[babysteps]

Actually, I think i will.......

I'd like to buy these boots, they seem really good value at price X.
Yeah we have a deal going on them,
Sweet as Ill take a size 43.
Oh we dont have that size do you want us to get them in
Yep call me when they're in
6 days later....no phone call
I've come to pick up my boots
Ok that will be price Y (about $50 more)

Ummm they were price X last week.

That Promo has finished they are this now, do you still want them

Are you serious? No, no I don't

Followed by a rant about wasting her time and how hard it is for a small business to make money.

Great customer service there Mr Dorset Case. Obviously I'm really hard to deal with. I'm sure you experience has been different. Mine have been shit and I wont go back.