120 Hewletts Road
Bay of Plenty
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N/A
797sqm
1527sqm
120 Hewletts Road Bay of Plenty
Auction
Wednesday 15th May - 4:00pm
Bayleys Auction Rooms
proudly marketed by
Success Realty Ltd MREINZ
Prime Mount Maunganui Freehold
- Leased to Farmer Auto Village with two yearly market reviews 1527m2 of freehold high profile northwest facing corner site with easy access Current net rental $166,130 plus GST with next review due 1st September 2019 Last sold 22 years ago, this section of Hewletts Road has become the prime auto dealership location in Tauranga. With recent ground rental rates as high as $125/m2 for sites facing Hewletts Road this high profile corner can be expected to be highly prized well into the future. With massive exposure, this is ideal for investors looking to lock in a strategic land holding for future use while receiving a holding income; or passive investors looking for an A grade tenant with regular market reviews.
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Upload by James Sales
Bay of Plenty