Listing #:830529912

Main Street Commercial with Sep Accom Whangamata

Location: 712 Port Road, Whangamata­, Thames-Cor­omandel, Waikato
Property use: Retail
Floor area: 475m2
Rateable value (RV): $750,000
Price: Asking price $760,000
GROCERY / SUPERETTE BUILDING ONLY - WITH SEP ACCOMMODATION
This is an excellent investment opportunity. The iconic superette in the Central Business District of Whangamata known locally as the Slipper Superette (also known as Slipper Milk bar).
This property returns 6.4% on the asking price. The current combined rent is $$48,866.30+gst (approx) + R & I.
There are three levels to this property. The bottom level is a Superette Grocery Store, this has a 3x3x3 lease.
Level 2 and 3 are living accommodation and storage. This has a 1 year lease with no right of renewal. This means you can buy the whole building and all you have to do is wait a year (or less) and you get access to the first and second floor as a holiday bach or bolt hole with great top floor views.
A crude lift winch provides cartage to the second level for goods storage.
The second level also has direct street access through a staircase to the foot path.
This building is constructed of blocks, long run iron and glass and is in reasonable condition having been rebuilt in the 1980's.
There are excellent views of the Whangamata harbour entrance and surrounding rural hills from the top accommodation level.
Call me now to inspect.

Agency reference #: FWPT10181
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Asking price: $760,000
712 Port Road, Whangamata, Thames-Coromandel, Waikato
Asking price: $760,000
Listed: Sat 23 Nov, 4:20 am
Gordon Turner
First National Whangamata/Tairua - Pacific Coast Realty Ltd MREINZ , (Licensed: REAA 2008)
  • Contact details
  •  (021) 385385
  •  (0800) 021120

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Agent's details

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Gordon Turner
First National Whangamata/Tairua - Pacific Coast Realty Ltd MREINZ , (Licensed: REAA 2008)
(07) 8657990
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Expires: Sun 20 Jan, 3:14 pm
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