Motivated Vendor - Best offer before the deadline will be worked with.
The former Maungatapere Dairy Factory has been successfully repurposed into a buzzing and profitable local business hub by the vendor over the past decade.
Now, with the vendor retiring from commercial real estate and the majority of the leases expired, the opportunity is here to redevelop this prime corner site.
With the absence of a grocery/shopping hub in the Whangarei western urban and western rural area, an estimated population of 17,100 people are more than 20 minutes away by car from a supermarket or retail hub. Giving this Maungatapere site an immediate catchment for the daily shopping public as well as a high demand for a farmers' market and hospitality.
The location offers both a close proximity to the western suburbs and Whangarei Base Hospital as well as a highly strategic position right on the intersection of State Highways 14 & 15 in the center of Maungatapere.
The State Highway 14 frontage is over 80 meters and offers access from the State Highway. The property has a total flat land area of 8,548 sqm (more or less), and has the favourable Local Center Zoning.
In addition to this, the new 50 km/h speed restrictions have also been implemented since 2024, further adding to the retail redevelopment viability.
The majority of the property can be made available for redevelopment. For those wanting a holding rent for the duration of development preparation, there are various options available with the vendor staying on as the anchor tenant.
Contact us today for more information.
