29 Newton Street, Mt Maunganui, Tauranga & Surrounds

Prized Mount commercial zone

Price by negotiation

•Location, location, location
•Outstanding commercial zoned investment opportunity
•Located in sought after Newton Street commercial zone
•Three year lease (with ROR) currently returning $133,000pa plus GST and outgoings
•Excellent profile to Newton Street, Maunganui Road and Central Parade
•High underlying land value and the first time available since early 1990's

The first time offered to the market in nearly 30 years and located in one of the most sought after streets in Mount Maunganui.

Set on 2,148sqm of land, the 1,517sqm property incorporates a large warehouse with three roller doors, a showroom plus offices and amenities on both the ground and first floor. A secure fully fenced yard and loading bay provides ample space and good onsite parking.

This standalone commercial property has a three year lease in place with right of renewals providing excellent income.

Located on valuable commercial zoned land means redevelopment options are plentiful with excellent exposure to Central Parade.

All areas are approximate
Land area: 2,148sqm (more or less)
Total floor area: 1,517.7sqm (approximately)
Warehouse: 873.4sqm
Ground Floor Showroom and Office: 261.4sqm
First floor office and amenities: 109.9sqm
Mezzanine office and staff room: 99.8sqm
Mezzanine: 173.2sqm
Balcony: 11.3sqm
Canopy loadout: 24.4sqm

Zoning: Commercial zoning

Properties of this calibre are rare - this is an investment opportunity not to be missed.

Contact Myles Addington for a full information pack and secure this prime property today.