Waihi, Hauraki District, Coromandel, 25 Seddon Street HCM27577

In the heart of growing Maungatapere sits an eye-catching opportunity. The re-roofed tower landmark has tons of space to develop or repurpose. Around the tower the property has a multitude of solid income streams from long term tenants. A high exposure corner site on State Highway 14 and 15 with a great flow of commuting traffic. Make this investment yours and collect over $230,000 of net income. Already viewing this on NAI Harcourts? Scroll down for the property documents. Viewing on Trade Me of RealEstate.co.nz? Copy and paste this link in your browser: https://naiharcourts.co.nz/Property/961467/WR38568/2-Mangakahia-Road

- Prime tenancy for sale in new commercial and residential development with new 8-year lease to branded gym franchise - Final stage currently under construction with completion expected January 2023 - 150 on-site customer car parks - Sought after Rototuna North location close to significant new and growing residential housing and major arterials This new development is situated on the corner of Borman & Horsham Downs Roads and aside from the gym, consists of a medical centre, superette, a number of retail outlets and residential accommodation. The development is on the northern side of Hamilton City and has a wide residential catchment with four new schools opened in recent years. This area of Hamilton has been the fastest growing residential area in recent years.

- Future development potential - Prime location on Hamilton's State Highway 1 with ease of access - Freehold Title with large land area of 10,149m2 more or less - Returning $510,000pa plus GST & Outgoings - Floor area of 4,827.7m2 approx. including warehousing, ground, first floor offices, showroom, workshop areas and canopy - Strong established tenant - Secure yard - well fenced - MPI approved devanning yard Situated in Kahikatea Drive with State Highway 1 exposure, this high-profile site has 29,100 car movements per day (2018 Traffic Flow Data). These premises enjoy one of the highest traffic counts in the city. Near neighbours include CLAAS Harvest Centre, Bunnings, Gallagher and Action Equipment to name a few. Located on the south-eastern end of Kahikatea Drive features include a large modern industrial building of approximately 3,947m2 (approx.) on a large freehold site of 10,149m2 more or less. Incorporating security fencing and turning area for large trucks including B-Train, multiple access points for truck movements in and out of the warehouse as well at the front for customers vehicles. Advantage Tyres use the site as a retail tyre services centre for Hamilton's public as well as a distribution centre for the greater national network. In respect to the latter use, the site has MPI approval for devanning international containers for their business, something that may be an advantage in the future.