Morningside - SUPERB INVESTMENT OPPORTUNITY!

Description

It is time for the owner to retire this outstanding asset. It is your time to make an opportune investment! 

The two adjoining properties are in a prominent position with high exposure to all traffic on Whangarei’s central business district southern fringe. The properties are being marketed for sale by negotiation, together or separately.

12A Porowini Avenue is the conspicuous corner site, fully refurbished for its star tenant Beds R Us in December 2021 for an eight-year lease with two rights of renewal for five years each. 

1 Tarewa Road is the adjoining 663m² property with a three-bedroom house and separate double garage, also refurbished for residential tenants who are keen to remain should the purchaser wish to maintain the status quo. 

Zoned for Commercial use, the combined sites offer future multi-level development opportunities in a flourishing business district. 

KEY FEATURES:

• High profile central corner site location
• Total current net income $118,035 plus GST
• Secure commercial lease with solid tenants
• Modern fitout for tenants
• Prime future development opportunity 

Contact the sole agent for an information pack and to arrange an inspection.