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Located on popular Papamoa Beach Road, this commercial retail unit is part of a mixed use residential/commercial unit title property. Situated in a unique, tightly held and sought after Bay of Plenty beach side location with a Seismic Grade A+ rating!
Asking price: $468,000 + GST (if any)
Area (approx.): 87m2 plus two covered secure carports
Annual rental: $19,776 p.a + GST and Outgoings
Rent increases annually and market rent review on renewal.
Well established beauty salon tenant since 2020.
Renewal date: 29 June 2025
Rights of renewal: One (1) of five (5) years from 29 June 2025
Final expiry of the lease: 28 June 2030
An extensive information pack is available - please contact the agent today!