Rare gems in premium coastal location
After 28 years in Trust ownership, the time has come to present these prime Waihi Beach properties to the market for sale by Tender – 19 and 31 Wilson Road, Waihi Beach.
Strategically positioned along this boutique shopping strip, 19 Wilson Road was redeveloped in the early 1990’s and is fully leased to two established long-standing tenants, Mollys at the Beach and Harcourts Gold Star Real Estate, both enjoying this favoured destination for local and visitor trade throughout the years and the onsite parking available. The property returns $43,711.00 plus GST net rental, per annum.
Salesperson Jo Stewart says buyers will appreciate the security in the spread of tenants, commercial zoning, and future growth opportunity these coastal addresses provide.
31 Wilson Road was also redeveloped in the early 1990’s and is fully leased to three individual tenants. The property has an enduring tenant history being occupied by real estate agency firm, First National Waihi Beach since 2008,
Waihi Beach Natural Health Store, and a café, which more recently has a new tenant trading as Crazy Tandoor, Indian restaurant and takeaway. The total combined annual rental income is $59,110.60 plus GST per annum.
31 Wilson Road occupies the front half of the site and has a generous parking area at the rear. The access to the rear parking area is via a right of way on the adjoining property at 29 Wilson Road. Surrounding neighbours of 31 Wilson Road include the Waihi Beach Four Square, Information Centre plus a mix of exclusive speciality retail businesses and cafes.
The properties are being marketed for sale individually and will be sold by Tender, closing 4pm, Thursday 27 May 2021 and will have strong appeal to both investors looking for long term hold and buyers looking for future re development opportunities, Jo Stewart said.
In summer, Waihi Beach is inundated with holidaymakers who hit the beach, tackle the numerous bush walks to waterfalls, eat, drink and be merry at the likes of the Flat White, Surf Shack eatery, Waihi Beach Hotel and Waihi Beach RSA and soak up that classic Kiwi holiday vibe. Waihi Beach offers a vast array of accommodation from the classic Kiwi back, to holiday parks and resorts plus B&B’S, ranging in style from home comfort to luxurious boutique. Whether you stay on the beach front, nestle near the village, or set up camp close to the popular north end or south at Bowentown, the beach is only moments away with surfboard or picnic in hand. Waihi Beach is arguably a popular jewel of the New Zealand coastline.
Travel time from Waihi Beach to Tauranga, Hamilton and Auckland is one to two hours in normal traffic. The Auckland, Bay of Plenty and Waikato regions have been recording some of the strongest population increases and economic growth in New Zealand for several years with about half of New Zealand’s economic activity in these three regions, all adding to the destination appeal of this location for tenants and investors alike. Recent redevelopment projects in this commercial precinct, show future potential for mixed used retail and accommodation developments, Stewart said.
Whether you are first time investors or adding to your commercial portfolio, these rare pieces of real estate are an absolute must to consider!
For further information on the properties, please contact Jo Stewart on 027 641 1680 or jo.stewart@bayleystauranga. co.nz