Heart of Gold Industrial Opportunity

23 & 16, Victoria Street & Bradford Street, Waihi, Hauraki

$890,000

Proposed Usage
Industrial
Floor Area
372.00 m²
Description:
Property ID
1btv1w7

- Two adjoining titles - corner site

- Redevelopment options

- Industrial zoning

- Strong holding income

- Sale will be GST inclusive

Situated on the corner of Bradford and Victoria Streets, Waihi, this large industrial site on two titles offers an excellent holding income. Currently there are two residential tenancies returning $36,400 pa plus an industrial tenancy of $19,300 pa.

Located in Waihi's industrial zone, the property offers owner occupiers and/or developers a multitude of opportunities for future development to maximise the potential the combined properties have to offer.

Waihi is located on State Highway 2, approximately 60kms North of Tauranga and 150kms to Auckland. With its access to two of New Zealand's major ports, Waihi offers an extremely affordable option for new and existing business opportunities.

The property is fully tenanted to residential/industrial tenants returning $55,700pa gross. Full tenancy details are available on request.

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Waihi Area