109 Mana Esplanade, Porirua, Porirua City

The Sandbar - New ten year net lease

This iconic establishment has a well-deserved reputation as the hallmark Paremata hospitality destination, and with new ten-year net leases in place to the long-standing Tenant, this represents a premium passive investment opportunity.

Holding pole position on the North end of Paremata's popular commercial strip, the subject property holds an 80% NBS rating and has benefitted from proactive maintenance and refurbishment.

The Sandbar has been an iconic feature of Paremata since it's inception in 2001, with the tasteful timber decorum and furnishings complemented by a seaside garden bar with canopy and ample customer parking.

If you are searching for a feature investment for your portfolio, look no further!

To register your interest and access the supplementary documents for this property follow the link below:
https://propertyfiles.co.nz/property/109ManaEsplanade_TP4

• Solid tenant with proven track record
• Prominent location along arterial route
• 80% NBS (2017)
• Net income of $115,000pa + GST