Shop 7, 1 Marine Parade, Mt Maunganui, Tauranga & Surrounds

Outstanding Oceanside Opportunity

Premises - Superior Stratum in Freehold Unit\nLocation - Absolute prime beachfront location\nProperty - High profile Twin Towers corner site\nOpportunity - Extremely popular hospitality precinct\nRental - Annual net rental $51,800 + GST\n\nSuperb opportunity to secure a premium retail investment property directly opposite the golden sands of the magnificent Mount Maunganui beach front. The property comprises one of seven retail unit titles situated on the ground floor within the iconic Oceanside Twin Tower 2 Residential Apartment Complex on Marine Parade. The premises are currently leased to an established cafe operator Pronto Limited. Seldom do commercial opportunities of this calibre come to the market in this highly sought after and tightly held coastal location where tenancy demand constantly exceeds supply. The vendor advises that there has always been 100% tenant occupancy and they have not had one day of lost rental revenue since purchasing the property new in 1996. The property has also shown remarkable rental and capital growth over the past 19 years and since 2013 the owners have begun operating a policy of charging a premium at any change of tenant ownership. This outstanding offering is to be sold as a tenanted freehold unit title that includes a shop frontage licence and a carpark licence for a single basement carpark.\n