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.