• Freehold investment returning $53,167 net per annum from an established tenant

• Fee simple landholding measuring 1,034 square metres (more or less)

• Centrally located in Matakana Village, a popular North-Auckland tourism and lifestyle suburb

• Underdeveloped site with only 16% site coverage

• Underpinned by Business - Light Industry zone

70 Matakana Valley Road presents a rare freehold investment opportunity in the tightly held Matakana Village.

Returning $53,167 net pa, this tenanted investment is an ideal passive income with medium or long-term redevelopment potential. Leased to Sok & Chheng Ltd, trading as Matakana Patisserie, an established tenant operating since 2014. The lease was renewed in 2022 for four years with a final expiry in 2030.

The property is underpinned by a fee simple landholding measuring 1,034 square metres which currently utilises only 16% site coverage from its 168 square metre improvements housing the tenant. Zoned Business Light Industry, one of the only zoned sites of its kind, this property is an ideal add value opportunity.

Within a few minutes' walk of Matakana Markets and Cinema, this property is a rare investment opportunity in a tightly held market.

For further information please click the link below, or contact a member of the sales team

https://www.propertyfiles.co.nz/1270660