A handy investment


78 Normanby Road, Paeroa

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A handy investment | 78 Normanby Road, Paeroa | 2312186 |      X Close
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A handy investment


•Split risk- commercial and residential

•Circa $40,000 net rental return +GST/OPEX

•Established commercial tenant

•Refurbished five-bedroom apartment

Smack bang in the middle of town, the substantial footprint at 78 Normanby Road is occupied by the established long term commercial hardware tenant 'Handilink' a franchise of Buildlink New Zealand, owned by the same family for three generations. Hitting the nail on the head being the only hardware shop in town, they are the go-to for DIY requirements.

Bolstering the commercial tenancy is a recently refurbished five-bedroom apartment returning $480 per week. Superb frontage on Normanby Road combined with dual access from Willoughby Street at the rear provides ample parking for both as well as service access for the commercial tenant.

With multiple residential developments underway reinforcing the projected growth in the centrally located town on State Highway 2, offering easy access to three of New Zealand's largest cities and the ever popular Coromandel Peninsular.

Floor area: 520sqm (more or less)

Land area: 577sqm (more or less)

Josh Smith

Hamilton

Licensed under the REA Act 2008

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78 Normanby Road, Paeroa

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Josh Smith

Hamilton

Licensed under the REA Act 2008

View profile