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•Rarely available multi-tenanted investment at the Mount
•Future redevelopment appeal
•710 sqm (more or less) freehold site
•Commercial zoning
•NLA approx. 388.8 sqm across 3 buildings
•Net rental $185,930 p.a + GST and outgoings
A rare chance to act now and secure this prime property on Mount Maunganui’s main street!
Multi-tenanted by proven hospitality operators and retail, the property currently provides an annual net return of $185,930 p.a + GST with annual fixed growth and scope for substantial growth at future renewals/market reviews.
Located in a retail precinct where tenant demand consistently exceeds supply, the Mount Maunganui commercial area has shown sustained impressive rental growth over the past decades. The strengths of this tightly held location will appeal to investors looking to acquire a growth investment in the Bay of Plenty; one of the fastest growing regions in New Zealand.
The rear of the property is easily accessed via a pedestrian accessway to the south eastern boundary or via Shadelands Service Lane which runs parallel to Maunganui Road for vehicle access and parking.
For additional information on this opportunity, please contact the sole agents.