• Eight titles comprising 2,999sqm (more or less)
• Holding income of circa $75,000pa + GST/OPEX
• Commercial zoned
• High exposure roundabout corner
Eight titles with exposure to traffic from North, South, East, and West this one puts Paeroa on the map. Opposite the popular "L&P" bottle statue this is the go-to site for travellers from far and wide.
On opposing, corners are Gull service station and McDonald's which have both recognised the high profile and busy intersection where State Highway 2 crosses State Highway 26. The high traffic flow through this intersection of 10,407 movements in both directions offers endless exposure and profile. Options for this site could be a service centre hub with a petrol station, food, and amenities for travellers, a combined commercial and residential development, or simply a landbank for the future while maintaining a holding income of circa $75,000pa + GST/OPEX.
This is a unique opportunity to acquire a significant holding of land on a prime corner location. Paeroa is experiencing excellent exposure at present with the high traffic flows and plenty of residential development underway.