Stanmore Bay
719A Whangaparaoa Road, Stanmore Bay, Rodney
+18
Whangaparāoa freehold, positioned to perform
Located near the top entry to Coast Plaza, this well-positioned freehold site offers a compelling mix of secure income, scale, and long-term flexibility. Set on 929sqm (more or less), the property comprises a 690sqm (approximately) building plus 20sqm of deck.
The investment is underpinned by two long-term leases: a new six-year lease to an experienced hospitality operator, Paraoa Brewing Co, in occupation since 2021, and a ground lease for telecommunications infrastructure to Connexa Limited. Together, the leases deliver a combined net rental income of $193,908 + GST per annum.
Zoned Business - Town Centre, the site supports a wide range of commercial and mixed-use activities, including development up to 18 metres. Surrounded by local services and a growing residential catchment, this is a smart, low-maintenance holding in a tightly held coastal centre.
Contact the sole agents for more information, or a viewing.
Graeme Perigo
Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Marie Hansen
Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Occupancy
Fully leased with a six-year anchor tenancy providing secure holding income
Floor area details
690sqm (approximately) of versatile internal floor area plus a 20sqm (approximately) outdoor deck
Location
Centrally positioned at the top entrance to Coast Plaza, benefiting from strong pedestrian traffic
Exposure
Prominent site with excellent visibility to passing traffic within Whangaparāoa’s commercial centre
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