Are you an astute buyer who can uncover the potential of this property which is on the market after more than 25 years in the tightly held beachside suburb of Orewa. Investors should expect a windfall gain with the rent review coming up next year. Current rental is well below market rent. Owner-occupiers will get a huge value for their money with this property cosidering its size and location, not to mention the future development prospects.

Features include:
• 190 m2 ground floor premises in an established complex
• Long standing tenancy returning $46,608 pa + GST + Opex
• Road frontage profile with wide glass façade for exposure
• Rear entry plus a roller door makes it attractive for any business
• Positioned amidst a range of known retail and service businesses
• Significant foot traffic and located within the business district
• Town Centre zoning creates inherent future development options.

This is a versatile property which suits not only commercial investors but also future owner-occupiers seeking to own a property in the desirable suburb of Orewa. Residential investors wanting to switch to commercial should also give this enviable property a serious look as more intensive housing keeps developing in and around Orewa.

The property is in the complex called Tamariki Plaza which caters to a wide range of known retail and service outlets right in the heart of this popular beach town. Only 30 minutes north of Auckland, Orewa is continuously developing further due to all its amenities and has easy access to motorway and public transport.

With lack of new commercial developments in Orewa this could be a real good buy for the savvy purchaser. Telos Commercial are privileged to be appointed as sole agents so please contact Mustan for more details.

Seriously for sale : By Negotiation