Presenting a unique opportunity to secure a premium tenanted investment in the heart of vibrant Matakana Village. This primely positioned property has a recently negotiated 15 year lease with Matakana Four Square; a renewal on 13th July 2038 and a 15 year right of renewal through to 12th July 2053. Matakana Four Square is one of the top performing Four Squares in New Zealand and the premises is also the central Post Box hub for Matakana, Point Wells, Tawharanui Peninsula and Omaha Beach.
The site is 1,171sqm (more or less) in size with a 450sqm (more or less) single level retail building in place. The retail premises is well positioned on the road front on the corner of Matakana Valley Road with parking and storage at the rear which is accessed via Torea Road. The retail space has recently undergone significant investment from Foodstuffs North Island including an expansion to the floor area and substantial upgrades internally.
• Freehold going concern with recently completed 15 year lease, plus 15 year right of renewal
• The property is Business - Local Centre zoned
• Returning $307,044.88 per annum, plus GST and OPEX
• Stable investment with Foodstuffs North Island, offering immediate and medium term value-add opportunities
Matakana Four Square is well established in its catchment and is the closest and largest supermarket to service Matakana, Omaha, Leigh, Point Wells and Tawharanui. The property has undergone a substantial upgrade and extension with Foodstuffs North Island to become a complete supermarket option for the surrounding Matakana Coast area.
Matakana serves as the gateway to the beautiful east coast beaches, fishing villages, and regional parks that surround the region. With miles of untouched coastline, boutique wineries, galleries, and arguably the most beautiful white sand beaches within easy reach of Auckland City, there is so much to discover on the Matakana Coast. Artisan food and wine, pristine beaches, and a thriving art scene offer something for everyone.
To assist with your assessment of the offering, an online due diligence date room is available at www.propertyfiles.co.nz/1271043
