Mount Maunganui Property for sale

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145 Newton Street

Bay of Plenty
N/A
N/A
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302sqm
1670sqm
145 Newton Street Bay of Plenty
Auction
Wednesday 28th April - 1:00PM
Bayleys Auction Rooms
proudly marketed by
Success Realty Ltd MREINZ
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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Upload by James Sales
Bay of Plenty