Positioned on the Hihiaua Peninsula, this well-maintained 600 sqm building is configured into two established tenancies. The first tenancy comprises a high-quality mechanical workshop, while the second is a gym facility leased by the Ministry of Education on behalf of Tekapehu Whetu, providing secure institutional occupancy.
The property is located within a precinct experiencing strong demand, benefitting from its proximity to the Whangārei Town Basin and the Hihiaua Cultural Centre. The recently opened Kai Toi Ki Hihiaua Café further enhances the amenity and profile of the area.
The property is zoned Mixed Use under the Whangārei District Plan, allowing for a diverse range of uses, including residential, and providing flexibility for future redevelopment or repositioning.
The interest offered is leasehold only. Ground rent is fully recoverable from the tenants and is treated as an outgoing, supporting the overall investment structure.
