Develop or invest in your thirst
32, Orchard West Road, Ngatea, Hauraki
- Proposed Usage
- Floor Area
- 960.00 m²
- Land Area
- 6592.00 m²
- Auction Date
- 11:00 - Aug 29, 2019
- Property ID
- $90,000 pa +GST/OPEX
- State Highway 2
- Substantial land holding 6,624sqm (more or less)
- Development potential with holding income
Invest, land bank or redevelop one of the largest land holdings of commercial zoning on State Highway 2 between Pokeno and Katikati. 32 Orchard West Road, Ngatea, is being offered to the market for the first time in 25 years.
Currently operated as the Ngatea Hotel the property is leased until January 29th, 2026 giving the new owner the opportunity to extend the current lease or redevelop. Current rental $90,000 + GST/OPEX with rent reviews 30th January 2021, 2023, 2025 to market rental. Along with a steady turnover the income is supported by 15 pokie machines in the gaming lounge.
Located in Ngatea township midway between Auckland and Tauranga the property has excellent vehicle exposure and a central profile in the town. Ngatea is a booming rural town with substantial subdivisions happening recognising its easy commute to the three major cities.