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 is 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 bolthole 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 resonable condition having been rebuilt in the nineteen eighties. There are excellent views of the Whangamata harbour entrance and surrounding rural hills from the top accommodation level. Call me now to inspect.
Located on the corner of Patuwai Drive and Marie Crescent at the south end of Whangamata, 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 capital gain is what balances the return overall. Under TCDC records as 101 Marie Crescent, the property occupies a 468 square metre (approx.) freehold site which is two adjoining lots. The buiding has 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. The building is tenanted as the iconic "Estuary Store & Takeaways", in a long-term lease. Last year the takeaways here were awarded 3rd best in NZ. This is a well presented investment which would suit absentee commercial investors. The lease was reassigned in 2012 to the current tenant, and rights of renewal start 2019 and every three years thereafter with corresponding rent reviews. For details of the lease please ask the agent directly. The Estuary Store & Takeaways business is also for sale offering a fantastic opportunity to live and work at the beach. Current business owners (sepatate to the ownership of the building) 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 exciting. Last year the takeaways here were awarded 3rd best in NZ. Price is plus GST (if any). Inspections strictly by appointment only a days notice is required.
Price: $850,000 plus GST (if any)
Pipinui Motel is found nestled amongst the heart of Whangamata's community, within an easy walk to the town centre. An added attraction is the near neighbouring harbour and marina. This property offers the opportunity to enjoy a spacious three bedroom home, whilst earning an income from the four, beautifully presented, self-contained units. Whangamata is growing in popularity. Accommodation is becoming even harder to source in this beach town. This land and business package is a genuine opportunity. Call me directly. Price is plus GST.