2 Moir Point Road, Mangawhai, Kaipara

Diversified investment opportunity

This diversified investment is leased to three established tenants, including Bayleys Mangawhai.
With a net passing rental of $69,110.82 p.a. (Plus GST) and a weighted average lease term of 2 years to run across the respective leases, this property is a robust real estate asset. Zoned for Industrial Use, this property has strong future redevelopment capacity with less than 25% of the total land area currently built.
This property is a sound split risk investment leased to a diverse tenant mix of service, retail and hospitality; Bayleys Mangawhai, Mangawhai Garden Centre and Ivy Bistro.
The property also provides a private water bore utility scheme to multiple parties including two neighbouring properties and two of the existing tenants, currently returning approximately $8,300 p.a. (Plus GST).
If you would like to receive further information please do not hesitate to get in touch.