Strategic hold where the sky's the limit
When it comes to prime locations, 28 Albert and 32 Monk Street in Whitianga stand out as unparalleled. Being offered together, these two titles boast a combined land area of 595 sqm (more or less). With a current strong return of $74,809pa +GST/OPEX from multiple tenants, this property presents a lucrative investment opportunity. Its strategic location and the potential for future redevelopment make it even more enticing.
The site is well-suited for future development, taking advantage of the pedestrian core zoning that currently allows for an 80% site coverage and buildings up to 12 meters high. This flexibility opens up a multitude of options for this multi-tenanted investment.
Whitianga, as the largest town on the Coromandel Peninsula's eastern seaboard, is at the forefront of substantial growth. With New Zealand's largest canal development and a continuously expanding permanent population base, the property is not just an investment; it's a stake in the thriving future of this dynamic town.
The site is well-suited for future development, taking advantage of the pedestrian core zoning that currently allows for an 80% site coverage and buildings up to 12 meters high. This flexibility opens up a multitude of options for this multi-tenanted investment.
Whitianga, as the largest town on the Coromandel Peninsula's eastern seaboard, is at the forefront of substantial growth. With New Zealand's largest canal development and a continuously expanding permanent population base, the property is not just an investment; it's a stake in the thriving future of this dynamic town.
Key features
Location
Strategically situated in the heart of the Whitianga CBD.
Opportunity
Multi-tenanted investment offering split risk
Prime frontage
Dual frontages on Monk Street and Albert Street.
