380-382 Ngati Maru Highway, Thames, Thames-Coromandel

A blooming opportunity

•Multi tenanted investment
•Substantial property with excellent exposure
•Potential income circa $95,000 PA + GST/OPEX
•Future development potential
380-382 Ngati Maru Highway leading into the Thames township, offers substantial exposure for its tenants on the 18,210 sqm (more or less) site bordering what is arguably the busiest road on the Coromandel Peninsula. There is an opportunity to have three tenants in place with two long standing commercial tenants being Aeroview Garden Centre and Tastebud Cafe complementing each other. A residential dwelling recently refreshed is currently vacant and situated to the rear of the property separate from the commercial tenants.
The substantial offering split over three titles offers any investor comfort with not only having an established tenant but a large holding that could be suitable for redevelopment taking advantage of its prominent positioning and large road frontage.
The Coromandel is one of the few regions blooming in the current market benefiting from its positioning and accessibility from three of New Zealand's largest cities giving confidence for investors looking to have security of investments.
Land 10,673 sqm (more or less)
Building 495 sqm (more or less)
Tenanted investment full tenancy details available upon request