Mangawhai Central, Mangawhai
•Divestment of the Mangawhai Central commercial portfolio comprising three tenanted investments for sale together or individually
•Total combined return of $592,100 net p.a.
•Leased to a mix of national brand and established local tenants including Bayleys Real Estate, Liquorland, Ray White, Amplifon and more
•Positioned in Mangawhai Central, 130-hectare integrated development zoned and consented to support up to 800 homes
Bayleys in the North Commercial & Industrial is pleased to present the divestment of the Mangawhai Central retail portfolio of five freehold properties comprising three tenanted investments and two development land sites for sale by Deadline Sale (unless sold prior) closing on Wednesday 6 November 2024.
The portfolio includes three completed retail premises, Buildings 1, 3 & 5, returning a combined approximate $592,100 net p.a.
Three investments return $222,400, $282,200 and $87,500 net p.a. respectively.
The properties benefit from a diversified mix of retail, professional service, and food & beverage tenants including Bayleys Real Estate, Liquorland, Ray White, Amplifon audiology, BK Sushi, Coastal Homes, Indo Furniture and The Bunker indoor golf simulator & bar.
Located in Mangawhai Central, a 130-ha integrated development with zoning and consents to support up to 800 homes positioned between Mangawhai Village and Mangawhai Heads.
For Sale be Deadline Sale (unless sold prior) closing on Wednesday 6 November 2024.