Introducing an exceptional commercial investment opportunity in the heart of Oneroa village – a multi-level commercial building with unparalleled views of Oneroa Beach. This fully leased property, spanning approximately 676 sqm of retail space, stands as the epitome of prime real estate in the tightly held main Oneroa township, the commercial hub of Waiheke Island.
Boasting several quality tenants with a mix encompassing; service, convenience, and hospitality, the retail areas create a dynamic and thriving atmosphere. With extensive views of Oneroa Beach, the property not only offers a lucrative investment but also a visually stunning backdrop for business and leisure alike.
The investment component of this property yields a net rental income of $365,798.16 per annum, presenting a compelling financial opportunity. The Weighted Average Lease Term (WALT) of 3.76 years by income ensures a stable and predictable revenue stream for potential investors. Situated on an expansive 1,087 square meter site on the eastern alignment of Waiheke Island within the Hauraki Gulf, this property provides a strategic location for businesses to thrive.
Adding to its appeal, a vacant land component of approximately 315 square meters at the rear of the site offers further development potential. Designs prepared by Macintosh Harris reveal a vision for two residential townhouses, taking full advantage of the expansive views of Oneroa Beach. With resource and building consent already approved for these townhouses, the property not only secures a robust commercial investment but also opens doors to additional residential opportunities. This dual-purpose potential makes it a unique and versatile asset.
Don't miss the chance to be part of this exceptional investment opportunity that seamlessly combines commercial success with residential development in the heart of Oneroa, Waiheke.