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Paraparaumu

91 Mazengarb Road, Paraparaumu, Kapiti Coast

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4,601sqm Floor area

Auction

High Growth Area, Minimal Competition


This well leased property comprises an established community bar/restaurant on a profile corner site in Paraparaumu. In addition, there is approximately 4,000sqm of development land which could suit further retail/office premises to cater for an untapped market.\n\nThe revenue stream comes from the bar/restaurant, which also includes 18 gaming machines and a TAB, plus two cell phone towers. Due to zoning restraints, it would be difficult to replicate a property like this.

Auction

Level 14, 36 Brandon St, Wellington

3

Dec

Time11am
Calander
Calendar
Stephen Lange

Stephen Lange


Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Paul Adams

Paul Adams


Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Growth Area


Growth area with no competition

Investment


Key lease until March 2022 with a good mix of income streams

Net Rental


$119,920pa + GST