1 Leo Street, Waihi Beach, Waihi Beach

Mortgagee sale - must be sold!

•Affordable split risk investment asset
•Annual net rent $91,000 + GST & Outgoings
•Mortgagee sale of land and buildings only
•Freehold land area of 804sqm (more or less)
•Gross building area 322.87sqm (approximately)

This mortgagee offering provides the only service station property in the Waihi Beach, Bowentown and Athenree catchment areas, being one of a limited number of standalone commercially zoned sites that has become a landmark in this sought after and tightly held coastal location.

The premises are currently fully occupied by two established tenants trading as GAS Waihi Beach and Waihi Beach Automotive. Both commenced new five year leases in November 2021 which run concurrently with further rights of renewal expiring in 2041 if all exercised.

Positioned on a profile corner site to Beach Road and Leo Street, the property enjoys excellent exposure to passing traffic heading to the ever so popular northern end of Waihi Beach which is home to the RSA, Surf Life Saving Club and award winning Top 10 Motor Camp.

The property including "land and buildings" only is to be sold by way of mortgagee auction on an "as is where is" basis with no vendor warranties or representations. This presents a rare opportunity to purchase a prime commercial site in this premium holiday resort destination of Waihi Beach.