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Listed 17 days ago

ID#597816

70 Maunganui Road,

Mt Maunganui

Mt Maunganui / Papamoa
PBN
609
(6,555.22 sq.ft.)
811
(8,729.52 sq.ft.)

Premier trophy investment in Mount Maunganui

Rarely do properties of this scale, calibre, and location become available in Mount Maunganui's tightly held commercial precinct.

This iconic property occupies a premium corner site on the Mount's main retail and hospitality strip, delivering a commanding presence and long-term value. Currently returning a net rental of $295,903 + GST and outgoings per annum, this offering provides strong holding income with the added appeal of future redevelopment potential thanks to its large landholding and Commercial Business zoning.

Positioned on one of Mount Maunganui's most high-profile corners, 70 Maunganui Road presents an exceptional investment opportunity in the heart of the action. Anchored by the ever-popular cafe The General, The Olive and Fig restaurant and established office tenancy leased to X4 Group, this mixed-use property delivers both prestige and performance.

Key Highlights:
• Landmark corner site in the heart of Mount Maunganui's bustling main street
• Fully leased and returning $295,903 +GST and outgoings p.a.
• Sizable land parcel with future redevelopment potential
• One of Mount Maunganui's most high-profile properties
• Commercial business zone, a rare and sought-after location

Do not miss your opportunity to secure your stake in one of New Zealand's most vibrant coastal destinations, call Rory or Mark today.

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Agents

Mark Walton

Bayleys Commercial Tauranga

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

Confidence that the commercial sector in Tauranga will continue in strength.

Mark Walton believes his team are privileged to be involved in one of the most consistent commercial real estate markets in the country.

“The greater Tauranga region is such a desirable area with enormous demand for commercial property from within the ‘Golden Triangle’ of Auckland, Hamilton and Wellington.”

As Bayleys Commercial Manager, Mark Walton applies knowledge and expertise gained over two decades and spanning New Zealand and the United Kingdom. He has extensive experience working with clients and advisors in structuring deals to create the best outcome for investors.

Mark completed a Bachelor of Business Studies at Massey University in 1998 majoring in Property Management and Valuation, followed by a Post Graduate Diploma in Business Administration (Finance) in 2012.

Mark joined Bayleys after a 10-year career with ANZ Bank as a commercial manager, most recently Commercial and Corporate Agri Senior Manager. Prior to that he spent seven years in financial analyst roles in London including Reuters, UBS Investment Bank and Deutsche Bank.

The move to Bayleys was promoted by a keen personal interest in commercial property, as both an advisor and an investor in the Bay of Plenty region himself. He was attracted to Bayleys for the brand and reputation in the marketplace as the largest New Zealand owned real estate business with a strong family influence.

“I regularly worked with Bayleys while at ANZ and always admired and respected the calibre of both management and the sales team in the Tauranga office. It’s a people business built on relationships.”

The vibrant local market makes commercial real estate a stimulating sector to do business in.

“I have never seen so many significant projects on the go, particularly in the Tauranga CBD. Large commercial projects like the Farmers redevelopment and the University of Waikato’s new campus will help create a hub in the central city. Tauranga Crossing and the Tauriki Business Estate have also been strong contributors to the city’s commercial boom.”

Mark and Lucy Walton, and sons Jacob and Caleb, live in Mount Maunganui. Mark values family time and enjoys many sports including rugby (he is a keen supporter of Te Puke Sports rugby team) tennis and fishing.

“I am committed to the region and proud to lead such an experienced results-orientated team of commercial sales people and property managers.”

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Rory Brown

Bayleys Commercial

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

Rory has been a valued member of the Bayleys Tauranga Commercial team since 2019. Rory brings a genuine commitment to achieving the best outcomes for all parties involved. His ability to foster strong, long-lasting client relationships has seen him emerge as one of Bayleys Tauranga’s most trusted commercial agents and consistently features in the Top 10% of Bayleys Salespeople nationwide.

With a background in senior management for a leading real estate firm in Dubai, Rory brings both international experience and a strategic mindset to the Bay of Plenty market. Since returning to New Zealand, he has successfully marketed and sold many high-profile commercial properties and land development deals across the region.

Residing in Matua, Rory and his wife Kim are raising their three young children and thoroughly enjoy being part of the local community. Outside of real estate, Rory is a keen sportsman, and you will often see him at the Mount Golf Course, local tennis and squash clubs or on the sidelines at the rugby.

Rory is known for his integrity, transparency, and consistent work ethic. If you’re looking for a professional and approachable expert to assist with your commercial or industrial property needs, Rory is ready to help.

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This property was photographed by

Maria Eugenia Iovaldi

Media Specialist

Bay of Plenty

ID#597816

70 Maunganui Road,

Mt Maunganui

Mt Maunganui / Papamoa
PBN
proudly marketed by
Mark Walton Rory Brown
Bayleys Commercial Tauranga
Mark
+64 27 232 6307
Rory
+64 22 490 1437
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