Orewa CBD premises with three tenants

5:00 AM Saturday June 3, 2017 True Commercial

The location of a commercial office premises for sale in Orewa is indicated by a red arrow. Photo / Supplied

A commercial office premises in the central business district of the seaside suburb of Orewa, just north of Auckland, has been placed on the market for sale.

The 339sq m building adjacent to a small shopping hub, several hundred metres back from Orewa beach, is occupied by three separate tenancies – including a dental surgery and a graphic design studio.

It is being marketed for sale by negotiation through Bayleys, Orewa. Salesperson Mustan Bagasra says the property at 8W Moana Avenue comprises more than 10 offices and a reception lounge, earning annual rent of $58,305 net per annum from the three separate tenancies. The property also has four carparks.

“Popularly known as the Westpac Plaza, the complex caters to a range of retail, service and hospitality outlets in the centre of Orewa township. The site neighbours Orewa library and a supermarket,” Bagasra says.

There’s a lack of new commercial developments in Orewa and surroundings, and the site’s Business Town zoning allows for future development prospects. He says the building has a street frontage onto Moana Avenue, with the tenancies having a high degree of natural lighting.

Bagasra says the property’s configuration and location suit both investors, and future owner-occupiers looking for office premises to accommodate a small business in the centre of Orewa’s commercial and retail precinct.