5% $995,000 - Better Than The Bank


G/33 Florence Avenue, Orewa

Asking Price NZD $995,000 + GST (if any)

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5% $995,000 - Better Than The Bank | G/33 Florence Avenue, Orewa | 1270398 |      X Close
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5% $995,000 - Better Than The Bank


Rare opportunity to secure this ground floor commercial property on a Stratum in Freehold title. This well positioned 134sqm unit is tenanted by Caci Clinic, the well known beauty and cosmetic enhancement company, who have been in this location for over 9 years. This investment is currently returning $49,560 pa ++. The tenant has recently refurbished to a high standard.

Key investment attributes of this property include:

• Ground floor retail unit

• Well established tenant on solid lease

• High visibility on one of Orewa's main roads

• Excellent cashflow

• Recently refurbished

• Large chattel list

• Vendors would consider a trade (an apartment on the HBC cash up or down)

Orewa has a population of around 10,000 residents but operates as the dining and leisure centre for the whole of the 30,000 plus residents on the Hibiscus Coast. After the emergence of Silverdale as the bulk retail hub Orewa has reinvented itself and is booming. The main road and the areas just behind now serve as the hospitality strip and are home to around 50 different cafes, restaurants, bars and pubs. The remainder of the Orewa town centre comprises boutique retail, services and a constantly growing office sector.

Contact Sole Agents for more information.

Graeme Perigo

Silverdale

Licensed under the REA Act 2008

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Ben Clare

Silverdale

Licensed under the REA Act 2008

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G/33 Florence Avenue, Orewa

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Graeme Perigo

Silverdale

Licensed under the REA Act 2008

View profile

Ben Clare

Silverdale

Licensed under the REA Act 2008

View profile