Situated in the heart of popular Maketu Township, this iconic commercial property presents an outstanding investment and future development opportunity. Set on a substantial 1897 sqm section, the approximately 1049 sqm building is currently occupied by two tenants, generating approximately $131,000 per annum plus outgoings. One tenant has a long term lease in place, while the other is due to vacate in December 2026. The upcoming vacancy provides an exciting opportunity to re-purpose and add value to this substantial space. Subject to the necessary consents and refurbishment, there is potential for additional tenancies, accommodation, food related uses or other commercial purposes.
The property's size and configuration offer plenty of scope for an investor looking to increase future income and maximise its potential. Maketu is a popular coastal township known for its beach, estuary, boat ramp, fishing, surfing and relaxed seaside lifestyle. Centrally located within the Bay of Plenty, the township is within easy reach of Tauranga, Te Puke, Whakatāne and Rotorua, while being surrounded by some of the region's key kiwifruit-growing areas. An established commercial investment offering current income, substantial scale and genuine potential to unlock further value.
Please contact the Harcourts sales consultant below to arrange a viewing.
To request documents please visit Harcourts: https://harcourts.net/L42661422
