Mangawhai Central, Mangawhai
• Divestment of the Mangawhai Central commercial portfolio comprising five freehold properties for sale together or individually
• Three split-risk investments returning a combined $592,100 net p.a. leased to a mix of national brand and established local tenants
including Bayleys Real Estate, Liquorland, Ray White, Amplifon and more
• Two freehold development sites measuring 1.59 hectares (more or less) and 500 square metres (more or less) respectively
• Positioned in Mangawhai Central, 130-hectare integrated development zoned and consented to support up to 800 homes and an established commercial precinct anchored by New World and Bunnings
Bayleys in the North Commercial & Industrial is pleased to present the divestment of the Mangawhai Central retail portfolio of five freehold properties comprising three tenanted investments and two development land sites for sale by Deadline Sale (unless sold prior) closing on Wednesday 6 November 2024.
The portfolio includes three completed retail premises, Buildings 1, 3 & 5, returning a combined approximate $592,100 net p.a. and leased to a mix of retail, professional service, and food & beverage tenants including Bayleys Real Estate, Liquorland, Ray White, Amplifon audiology, BK Sushi, Coastal Homes, Indo Furniture and The Bunker indoor golf simulator & bar.
The portfolio includes two fee simple development sites measuring 1.5892 hectares (more or less) and 500 square metres (more or less) respectively and partially consented for three additional retail, office and food & beverage premises with a total gross floor area of 1,565 square metres (approx. only).
Located in Mangawhai Central, a 130-ha integrated development with zoning and consents to support up to 800 homes positioned between Mangawhai Village and Mangawhai Heads.
For Sale be Deadline Sale (unless sold prior) closing on Wednesday 6 November 2024.
