27 Tahi Road, Ostend, Waiheke Island

Great commercial opportunity

Here's a chance to grab a property with excellent access on Waiheke's prime industrial street.
The 809 sqm section has a huge studio space on it and several leased lockable storage containers through a gated entry.
Set on the high side of the street, the double road entry ensures easy access to the tidy site, with a sealed driveway to one side, and ample parking.
The studio space, currently set up as an open-plan gym, feels spacious, with two huge roller doors, and plenty of windows for light and air-flow.
Special gym flooring is installed, along with a toilet for members' use.
Through the back door is a covered veranda/workout area, with a further attractive outdoor sports' area/chillout zone, covered by neat artificial grass.
This rear 'garden' is nicely retained with attractive landscaping and a water tank to one side, and can also be accessed from the driveway via one of two gates.
The second gate leads directly to the rear container rental area. Currently there are ten units for rent, ranging from 6 sqft to 10 sqft.
The weekly rental for the studio has been assessed at $550-$650 per week, while the combined container rental is valued at around $900 per calendar month.
Unlike the commercial zone in the Ostend hub, this flexible zone allows for both retail and more industrial businesses.
Use the studio yourself or rent to a tenant, while maintaining the container rental passive income stream.
Either way, this neat and tidy property has great street appeal and Waiheke's industrial zone has limited opportunities.