112 Main Road, Katikati, Western Bay Of Plenty

Proven Income Earner

- Land Area: 1,346m2\n- Building Area: 439m2\n- Annual Net Rental: $55,000 + GST\n- Commercial with rear residential site\n- Excellent exposure to State Highway 2\n\nThis property is leased to long established hospitality business, The Boohai Tavern, and includes a four bedroom residential home at the rear of the site. The lease was renewed for a six year term from 29 June 2013 and has two further six year rights of renewal for long term security of income.\n\nThe vendor of this property also owns the adjoining property at 108 Main Road, Katikati that 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 proving a large combined land parcel of 3,660m2 with significant future redevelopment potential as well as the benefit of current holding income.\n\nThe site is located on busy State Highway 2 and enjoys excellent exposure to huge daily traffic volumes passing through the town centre. This property is an affordable investment opportunity that may just return a generous provincial yield!\n