The Aurora (Regent) Theatre Paeroa, built in 1926 to the highest standard of the time as a majestic theatre has now been rattled to the core. The IEP is 15% and the passing away of the elderly owner, the family has said to sell.
Currently home to multiple tenancies on a variety of lease terms including month by month, offers a strong holding income for the new owner to explore options in bringing her back to her grandeur or redevelopment. Bordering both Normanby Road (State Highway 2) and Willoughby Street the property has a large amount of off-street parking to the rear and good profile and street appeal for foot traffic.
We cannot reiterate enough the estate wants this off their books to free up funds for family care. Are you ready to give the Regent its encore? Call today to view what was once the showstopper in town.