•Leasehold going concern and investment opportunity comprising an established 30-berth marina business and tenanted showroom, retail and workshop premises
•Business generates $680,000 in annual turnover
•Perpetual 21-year leasehold interest
•Extensive improvements leased to a mix of retail, hospitality and industrial tenants
•Strategically located in the Whangārei Town Basin
Introducing 52 Riverside Drive, a 6,019sqm leasehold property, and the Riverside Drive Marina, an established marina with 30 floating berths, a substantial maintenance yard and extensive marine plant and equipment.
The 21-year perpetual leasehold title comprises 6,019sqm plus use of an additional 1,500sqm (approx.) of steel reinforced reclaimed land completed in 2019 which extended the marina operations.
The property includes three standalone buildings measuring an approximate total gross floor area of 698sqm occupied by seven tenants and returning $155,561 net p.a.
The Riverside Drive Marina, operating since 1976, is an established marina business providing marine services, floating berth and amenities. The business generates an annual turnover of $680,000 and extensive plant & equipment book valued at approximately $500,000.
The property is located on the Hatea River and in the Whangarei Town Basin within walking distance to the Whangarei CBD, grocery, and a range of retail and restaurants & cafes.
The property and business are for sale together by Deadline Sale closing at 4pm on Wednesday 21 May 2025.
