Whangamata
606-608 Port Road, Whangamata, Thames-Coromandel
Auction
(unless sold prior)
A mall with it all
606-608 Port Road in Whangamata presents a unique opportunity to own two titles of prime commercial real estate in the town's CBD, complete with your own mall. Spanning over 1,544sqm (more or less), this property features 1,208sqm (approximately) of prime retail space complemented by 10 car parks accessible via a rear service lane.
Currently comprising eight commercial tenancies, seven of which are tenanted by established businesses, this property offers a solid return on investment. The current rental income is circa $159,763 + GST and OPEX, with the potential to increase to $175,363 + GST and OPEX once the final tenancy is leased.
Whangamata is renowned as one of New Zealand's premier beach destinations, attracting visitors from around the globe, especially during events like the annual Beach Hop. This property offers investors a stable income stream and the potential for growth in this thriving coastal town.
Don't miss out on this exceptional opportunity to invest in Whangamata's bustling commercial scene - call now for the information pack.
Josh Smith
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Anchor tenants
Coin Save, Kiwi Bank and The Beauty Room to name a few
Land area breakdown
Spread across two titles with a combined holding of 1,544sqm (more or less)
Parking
Ten carparks accessed via the rear service lane
Opportunity
To purchase a multi tenanted investment offers a split risk
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