Magical Mangawhai – Split-Risk Investment - ...
12, Wood Street, Mangawhai Heads, Mangawhai Heads, Kaipara
- Proposed Usage
- Floor Area
- 519.00 m²
- Land Area
- 1388.00 m²
- Property ID
Magical Mangawhai – Split-Risk Investment - Asking $2.37m
Asking price: $2,370,000 (plus GST if any)
12 Wood Street is a freehold title of 1388m² and commands a high profile corner site within the small but tightly held commercial / retail hub of Mangawhai Heads meaning there are limited opportunities to secure an investment within this location. A total building area of 519m² (more or less) plus outdoor area of 51m².
The three separate retail offerings have excellent exposure to Wood Street where the shop frontages benefit from the canopy which runs the full length of the building and adjoins the off street council car parking. The newly opened Wood Street Freehouse has become a popular Restaurant - Bar specializing in craft beer and great food designed to be shared. The Restaurant benefits from a large outdoor dining area. Mangawhai Books & Gifts has the middle tenancy which was once two separate shops and the local Pharmacy occupies the end tenancy. Finally an ASB money machine is housed within the Books & Gifts tenancy.
Various lease terms from three to four years plus rights of renewal give this fully tenanted investment substantial future return. This is the first time this property has been taken to market since its construction in 2000 and given the add-value potential and its existing attributes, this investment is not to be missed.
Please do not hesitate to contact the Sole Agents for further information.
Euan Stratton 027 580 7439 | Jimmy O’Brien 021 979 001 | Sean Honeycombe 027 252 8882