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Listed about 2 months ago

ID#504893

145 Newton Street,

Mt Maunganui

Mt Maunganui / Papamoa
Auction
302
1,670
* 302m²=3,251 sq.ft.   1,670m²=17,976 sq.ft. (0.17 Ha)
proudly marketed by
Brendon & Lynn Bradley
Success Realty Ltd MREINZ
021 816 600 (B) 027 441 1213 (L)
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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.

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Agent

Brendon & Lynn Bradley

Success Realty Ltd MREINZ

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

This property was photographed by

James Sales

Bay of Plenty

CAA Part 102 Certified
ID#504893

145 Newton Street,

Mt Maunganui

Mt Maunganui / Papamoa
Auction
proudly marketed by
Brendon & Lynn Bradley
Success Realty Ltd MREINZ
021 816 600 (B) 027 441 1213 (L)
Message Me

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