Kua Tangohia
A unique opportunity to acquire a well-located, modern, split-risk commercial investment. Built in 2020, this freehold property is situated on a land site of 589sqm (approximately) and is split into individual titles - offering the option for the incoming owner to keep as is, or amalgamate back to a single title. Benefiting from multiple income streams, the property comprises a mix of experienced operators (medical, health, and hospitality) all with an established trading record.
The Point Chevalier town centre, along busy Great North Road, comprises a range of retail, hospitality and residential, anchored by major amenities and businesses such as Woolworths, KFC, McDonald's, Mobil, Point Chevalier Library plus New World supermarket - under construction and due to open in late 2025.
Rarely does a prominent passive investment such as this come onto the market
Contact the Joint Sole Agents for more information or to arrange a time to view.
Shoneet Chand 021 400 765
David Burley 021 478 225
Matt Prentice 021 464 904
Features:
* Fully leased passive 'hands-off' investment prime-positioned on a busy corner site
* Standalone two-level building with a total floor area of 1,068sqm (approx)
* Returning an annual net rental of $539,254 + GST from six established tenancies, with an average WALT of seven years
* Popular surrounding businesses include Woolworths, KFC, and McDonald's and New World (under construction)
* Joint Sole Agency
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.31 km | 2 | 1 | 69m2 | 2024 12 10 | $820,000 | Council approved | |
 | 0.23 km | 3 | 2 | -m2 | 2024 11 22 | - | Council approved | |
 | 0.30 km | 2 | 1 | 58m2 | 2024 11 05 | $600,000 | Council approved | |
 | 0.23 km | 2 | 1 | 71m2 | 2024 09 25 | - | Council approved | |
 | 0.33 km | 3 | 1 | -m2 | 2024 09 16 | $1,720,000 | Council approved |