When it comes to prime locations, 28 Albert and 32 Monk Street in Whitianga stand out as unparalleled. Being offered together, these two titles boast a combined land area of 595 sqm (more or less). With a current strong return of $74,809pa +GST/OPEX from multiple tenants, this property presents a lucrative investment opportunity. Its strategic location and the potential for future redevelopment make it even more enticing.
The site is well-suited for future development, taking advantage of the pedestrian core zoning that currently allows for an 80% site coverage and buildings up to 12 meters high. This flexibility opens up a multitude of options for this multi-tenanted investment.
Whitianga, as the largest town on the Coromandel Peninsula’s eastern seaboard, is at the forefront of substantial growth. With New Zealand's largest canal development and a continuously expanding permanent population base, the property is not just an investment; it's a stake in the thriving future of this dynamic town.