45, Albert Street, Whitianga, Thames-Coromandel

Price On Application

Proposed Usage
Floor Area
100.00 m²
Land Area
353.00 m²
Property ID

These refurbished premises are highly visible and occupying an enviable position located in the commercial centre of the main street of Whitianga with good pedestrian flow.

The restaurant is fully fitted out with a commercial kitchen, cool room, bar with chillers, glass washer, dishwasher, two toilets (one for disabled persons), preparation area, laundry, storage and also enjoys a courtyard setting which provides a partially covered outdoor seating area - ideal for alfresco dining or just having a drink with a few friends.

The current Lease commenced 16 Nov 2015 for a 3 year term and has 3 x 3 years rights of renewal. The current rental is $28,830 + GST. Also, located in the rear yard is a large storage containers that could provide further income. The vendor currently uses these for other business activities and may be prepared to leaseback the facilities.

This is a property with great potential. There is an opportunity to capitalise, on the growth that Whitianga is enjoying, in the future. The vendors previously had resource consent to further develop the property into a combination of commercial and residential apartments over three levels. Total land area is 353 sqm zoned Pedestrian Core Zone under the Thames Coromandel District Council Operative District Plan.

If you are seeking a commercial investment property located in a growth area, being one of the best lifestyle coastal areas in New Zealand, then you must check this out. Call Noel Rogers now on Ph 021 904804..

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Whitianga Area