Secure your foothold in one of the Bay of Plenty's most tightly held trade supply precincts with this well leased freehold investment at 131 Newton Street, Mount Maunganui. The substantial 765m² building sits on a freehold 1,306m² of commercially zoned land with drive around access and is leased to a long standing tenant on a new five year term, providing reliable cash flow and guaranteed CPI rent growth.
This prime Mount Maunganui investment will appeal to investors seeking a quality asset in a highly sought-after location. The commercial zoning broadens the potential range of occupiers beyond traditional industrial uses, including retail, health and fitness, and office users, creating opportunities for future development and rental upside.
With a current net rental of $150,000 plus GST, strong future rental growth and the flexibility of commercial zoning, this is a compelling opportunity for both astute investors and those entering the commercial property market.
Contact Rob or Simon today for further information or to arrange a viewing.
For Sale by Auction at 11am, Thursday 27th August at the Mercure Hotel (unless sold prior).
Features:
* Land area 1,306m²
* Building area 765m² (approx.)
* Current net rental of $150,000 + GST & OPEX
* New five year lease to long standing tenant
* Guaranteed CPI rent growth
* Drive around access
* High profile Mount Maunganui trade supply precinct location
* Commercial zoning allows lots of uses
* Stand-alone freehold title
