Massive Mount Maunganui opportunity!
- Split risk asset with strong occupancy history
- Strategic position in Owens Place bulk retail hub
- Substantial land holding in prime commercial zone
- Significant potential for future rental and capital growth
- Superb diversified annual net rental of $275,605 + GST & outgoings
Situated in the highly sought after coastal location of Mount Maunganui, this prime property must appeal to astute investors seeking a proven and passive performer for a long term hold and/or future redevelopment. This fully leased property offers a diversified income stream from anchor national tenants Animates and Guthrie Bowron plus locally owned audio specialists Mad Soundz.
The property has been developed with three single level buildings, including two adjoining and the balance of the site provides sealed parking and external storage areas. The overall quality and presentation of the property is exceptional with the site having strong street profile that includes a dual 60 metre frontage to Owens Place and State Highway 2 at the coveted Bayfair interchange.
Seldom does a commercial investment of this calibre present itself to the market with such strong credentials in an immensely desirable locality where tenant demand constantly exceeds supply!