2,1151 Leigh Road, Matakana, Rodney

Freehold character investment in Matakana

• Freehold investment opportunity leased to a popular Matakana restaurant & bar
• Substantial fee simple land & buildings measuring 3,827 square metres (more or less) and 1,029 square metres (approx. only) respectively
• Diversified income of $299,000 net p.a. from five tenants including Smiths Bar & Eatery and Stables Restaurant
• Positioned in the Matakana Country Park, a popular hospitality and recreation complex 50 minutes North of Auckland

Introducing 1151 Leigh Road, a freehold investment opportunity positioned in the Matakana Country Park, a popular recreation and hospitality hub 50 minutes North of Auckland.

Fully leased and returning $299,000 net p.a. from five tenants including the well-known Stables Restaurant and Smiths Bar & Eatery along with four office and service tenants. The property includes a vendor underwrite of $9,000 p.a. for two years following settlement for a vacant unit.

The property consists of 831sqm (approx.) purpose built, rustic hospitalist premises which accommodates a single tenancy operating The Stables Restaurant and Smiths Bar together with a first floor, two bedroom residential apartment. The other five tenants, including Meyer Real Estate, Lady Barber, Matakana Carriages and more, are located in an adjacent detached building measuring approx. 197sqm.

Underpinned by a fee simple landholding measuring 3,827sqm (more or less) and zoned Mixed Rural within the Matakana 1 Precinct. The hospitality, service and retail activities are permitted by a land use consent.

The property is for sale by negotiation.