4 and 4a Totara Road, Onetangi, Waiheke Island

Multi-tenanted opportunity

Discover a unique investment opportunity on Waiheke Island with these commercial/industrial zoned properties, nestled on a sprawling 2504 sqm (more or less) site. The expansive and mostly flat landscape sets the stage for two buildings, offering a total of 644 sqm (more or less) of versatile space.
At present, the properties house nine quality tenants, ensuring a robust annual income of $182,263.00. This lucrative and reliable investment showcases a diverse mix of commercial and residential rentals, establishing a stable and balanced revenue stream.
Strategically located in the heart of Onetangi, these properties stand out as an excellent choice for investors seeking a tenanted investment opportunity. Conveniently accessible with a large off-street parking area, the site ensures ease for both tenants and visitors.
Additionally, there is significant development potential, with the possibility of division into two titles. Planning consent documentation has already been prepared and is available upon request, offering a promising avenue for further growth.
Known as a well-established site for locals and visitors alike, particularly when purchasing fresh bakery products, these properties have become a landmark in the community.
In the vicinity of Totara Road, you'll find the Waiheke Fire Station, a storage centre, and several commercial and residential properties, creating a dynamic and vibrant atmosphere.
This rare and remarkable opportunity on Waiheke Island presents itself as a valuable asset for discerning buyers. The quality tenants in place, coupled with further development possibilities and the option to land bank, make this combined site highly desirable.