Prime Mount Maunganui split risk investment


126 Newton Street, Mt Maunganui

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Prime Mount Maunganui split risk investment | 126 Newton Street, Mt Maunganui | 2500618 |      X Close
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Description

Prime Mount Maunganui split risk investment


This is a rare opportunity to purchase a property on Newton Street, one of the Mounts most popular Streets. This significant property is currently returning $168,416 + GST and outgoings per year.

A multiple tenancy building gives the discerning owner a split risk investment.

Constructed with steel portal framing with concrete block wall to the Southern boundary with the balance of the warehouses in coloursteel with offices and showroom being harditex. The roof is coloursteel with tiles over the front showroom area all maintained in very good order. Roller door access to each unit plus good parking complete this very tiding offering.

First time to the market since it was built in the early 1990's. Properties of this quality and size are very hard to come by in Mount Maunganui

A very good tenant mix with varying lease dates with one tenant being a foundation tenant dating back to 1994.

Property Details

Land area 2,194sqm (more or less)

Floor area 1,357sqm (more or Less)

Zoning Industrial

Tenancy Details

The property is currently leased to 4 established tenants producing a current income of $168,416.00 + GST and outgoings. Full Tenancy details are available on request