108 Main Road, Katikati, Western Bay Of Plenty

Add Value Site

- Land Area: 2,314m2\n- Building Area: 389m2\n- Annual Rental: $37,500 + GST (due to expire March 2017)\n- Location: Excellent exposure on State Highway 2\n- Opportunity: Site currently under utilised\n\nThis prominent road front property is located on the southern entrance to Katikati township and is tenanted by Action Equipment who lease the front half of the property with building only. The rear half is currently vacant land and provides scope to add further value.\n\nThe vendor also owns the adjoining property at 112 Main Road, Katikati which is also for sale. The two properties are now surplus to their requirements so they can be purchased separately or together. This gives a further option to secure two strategic high profile Main Road sites providing a large land parcel of 3,660m2 with significant future redevelopment potential as well as the benefit of current holding income.\n\nHere is an affordable provincial opportunity that provides plenty of potential to add future value to a site currently under utilised!\n