Listing #:1619784958

RENTAL INVESTMENT OR LIVE & WORK AT THE BEACH

Location: 101 Marie Crescent Building Crescent, Whangamata­, Thames-Cor­omandel, Waikato
Rooms: 3 bedrooms, 2 bathrooms
Property type: House
Floor area: 240m2
Land area: 468m2
Rateable value (RV): $900,000
Price: Asking price $850,000
Located on the corner of Patuwai Drive and Marie Crescent, this is a rare opportunity to acquire a commercial building just metres from the beach and Estuary.
Properties of this calibre enjoy a modest income and good capital gain.
The property occupies a 306 square metre (approx.) freehold site with a Gross Floor Area of 240 square metres (approx.) consisting of a large shop floor, as well as 3 bedroom residential accommodation and a covered court yard.
Instant income with the building which is tenanted as the iconic Estuary Store & Takeaways, in a long-term lease.
A well presented investment - could suit first time or absentee commercial investors.
The Estuary Store & Takeaways business is also for sale offering a fantastic opportunity to live and work at the beach - see our website for details. Current owners have put in all the hard work for you to walk right in and take over or you could develop the business further as a possible café and wedding venue. With the beautiful Beach & Estuary right at your door the development opportunities are endless.
Price is plus GST (if any).
Inspections strictly by appointment only.

Agency reference #: 701
RV
See sold records and estimated market values.

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Asking price: $850,000
Listed: Wed 2 May, 11:12 am
Gordon Turner
First National Whangamata/Tairua - Pacific Coast Realty Ltd MREINZ , Licensed Agent (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 Agent (REAA 2008)
(07) 8657990
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Expires: Mon 30 Jul, 11:09 am
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