Tenanted investment in Orewa
Unit O/8, Moana Avenue, Orewa, Rodney
- Proposed Usage
- Floor Area
- 79.00 m²
- Property ID
•Retail unit leased to a restaurant and takeaway tenant
•Yielding gross $32,000 pa + GST with CPI rent reviews
•2 year lease from October 2018 with ROR until 2029
•Positioned amidst a range of complimenting neighbouring businesses
•Significant foot traffic and located in the main hub of Orewa township
•Town Centre zoning creates inherent future development prospects
Popularly known as the Westpac Plaza, the complex is amongst the first of its kind to be built in 1980's and it caters to a wide range of known retail, service and hospitality outlets right in the centre of this popular beach town. Neighbouring is the library and New World supermarket plus the famous Orewa beach is just a hop across the road.
The current owners of this property have decided to cash out which creates a wonderful opportunity for buyers to own a piece of commercial property in the heart of Orewa Township.
Interest rates staying at historic low levels this should be ideal for commercial investors but also appeal to residential investors wanting to balance their portfolio in a desirable suburb of Auckland. With the lack of new commercial developments in Orewa and surrounds this could be a real good buy for the savvy buyer.
Only 30 minutes north of Auckland, Orewa is a beach town that has been developing fast and further growth is predicted due to its great environment and amenities. Orewa has also benefited hugely from the massive development in surrounding areas of Red Beach and Silverdale. Well located with all amenities close by including public transport and Orewa has easy access to the motorway.
For more details on the property please contact Mustan