Mount landbank location!
• High profile position on major arterial route
• Sought after Mount Maunganui commercial zone
• Attractive annual net holding income
• Future options to owner occupy or redevelop
• Location where demand constantly exceeds supply
Outstanding opportunity to secure a premium commercial land parcel containing two titles superbly positioned on one of the busiest streets in Mount Maunganui and within very close proximity to the Central Business District.
Currently leased to two tenants the property provides an attractive holding income prior to the final expiry of the leases in October 2022. Improvements include an older style commercial building on one of the sites and a sealed drive through yard with parking area on the other.
Situated in the tightly held Totara Street commercial hub, in the highly sought after coastal investment location of Mount Maunganui, this is a significant land bank proposition for a new owner to reap the rewards of the future redevelopment potential this sizeable site has to offer!