This 946m² commercially zoned property is located on Selwyn Road in the centre of Paihia, the tourism hub of the Bay of Islands. The property comprises two adjacent buildings that are near identical in appearance and layout. The west building is slightly larger and the ground floor has been split into two tenancy areas. These 2006 built, buildings compromise a total of 493m² of floor area split over two levels. A right of way runs down the centre of the property giving access to the 17 carparks on the property and access to the rear neighbouring property. The property has two tenants Queenstown Resort College (QRC) and Paihia Medical Centre. Anchor tenants QRC are recognised as one of NZ's premier tourism and hospitality management tertiary education providers and are passionate about being located in the tourism heart of the north. Paihia Medical Centre have been here since 2009 servicing the local community. The building's construction consists of tilt slab concrete and textured fibre cement cladding around the second storey. The buildings are finished to a high standard with copper spouting and exceptional drainage. The right of way and carpark area is concreted. Net return approx. $140,000 + gst pa.
For lease details and a comprehensive information pack, contact Regan.