145 Newton Street,
Mt Maunganui / Papamoa
* 302m²=3,251 sq.ft. 1,670m²=17,976 sq.ft. (0.17 Ha)
Trophy Investment Property!
• Solid income earner and cashflow from international tenant
• Strategically positioned standalone site on major arterial route
• Considered one of the most tightly held commercial precincts in the BOP
Situated in the highly sought-after coastal location of Mount Maunganui this prime 1670sqm property must appeal to astute investors seeking a proven and passive performer for a long-term hold.
The property has been developed with a 302sqm single-level purpose-built fast food outlet premises which includes drive through access and ample on site parking returning an impressive annual net rental of $182,250 + GST and outgoings. The overall quality and presentation of the property is exceptional with the site occupying a high-profile corner site with triple road frontages to Newton Street, Hewletts Road and Maunganui Road, providing massive exposure for the tenancy.
Seldom does a commercial investment of this calibre present itself to the market with such strong tenant covenant, long-lease tenure and highly desirable location where investor demand constantly exceeds supply.