30 Belgium Street, Ostend, Waiheke Island

Prime commercial opportunity in Ostend Village

Sitting in a prime position on the main road, just a stone's throw from the supermarket complex in the heart of Ostend, this commercial property is tenanted and ready for a new owner to reap the rental rewards. The building comprises two retail shops, a storeroom and a separate studio, offering a fantastic commercial opportunity in an ever-expanding retail hub.
This street-front location provides high visibility and good foot traffic, with the Ostend market and RSA just over the road, along with local shops, supermarket and reserves.
The main building features a single-level, 114 sqm commercial building in the front of the site, with 43 sqm of covered decks and is divided into two retail areas which are home to the Islands much adored La Dolce Vita and Nami. The vintage charm of this building dates to the 1970s, giving it character and appeal.
In addition, there is an 18 sqm storeroom which includes an office space and bathroom.
At the rear of the property, there is a detached building that is perfectly suited for office use or residence. Recently renovated, this space includes a bathroom, laundry fittings and a tiled floor throughout. Currently let on a casual weekly basis, with a current rental appraisal of $350.00 per week, making it an attractive feature for potential tenants.
The property boasts easy access with a flat cobblestone driveway and ample parking, making it convenient for both tenants and customers. With an annual net income of $78,909.00 + GST from the units and studio being rented, this is a highly desirable retail and commercial investment opportunity for the savvy landlord looking to secure a stake in Ostend Village.
With its great location, established rental income, ample parking, and potential for further development, 30 Belgium Street presents itself as a prime commercial investment opportunity.