120 Hewletts Road, Mt Maunganui
Mt Maunganui / Papamoa

ID#449804
Listed 2 months ago

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Property Details

Location:
Mt Maunganui / Papamoa
Bay of Plenty

Building
Land
Built In
797 m²
(8576 sq.ft.)
1,527 m²
(0.38 Acres, 0.15 Ha)

Prime Mount Maunganui Freehold

- Leased to Farmer Auto Village with two yearly market reviews

1527m2 of freehold high profile northwest facing corner site with easy access
Current net rental $166,130 plus GST with next review due 1st September 2019
Last sold 22 years ago, this section of Hewletts Road has become the prime auto dealership location in Tauranga. With recent ground rental rates as high as $125/m2 for sites facing Hewletts Road this high profile corner can be expected to be highly prized well into the future.

With massive exposure, this is ideal for investors looking to lock in a strategic land holding for future use while receiving a holding income; or passive investors looking for an A grade tenant with regular market reviews.

Tender Details

Location: Bayleys Auction Rooms
Time: Wednesday 15th May - 4:00pm

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Sales Consultants

Jim McKinlay


Bayleys - Tauranga
Licensed Real Estate Salesperson (REAA 2008)
Member of the REINZ
Phone: +64 7 571 4695
Mobile: +64 21 417 426
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http://www.bayleys.co.nz

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James Sales
james.sales@open2view.com
027 214 9900
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