These premises are highly visible occupying an enviable position located on a corner at the entrance of the main street to the commercial centre of Coromandel Town.

The main commercial building has been recently strengthened to a seismic rating of 80% NBS and is fitted out with partitioning to suit the bank. The balance of the property is an attached refurbished, brick veneer residence providing a total floor area of 290sqm more or less.

Although the BNZ has been in occupation for several years, the current Lease term commenced 1 April 2019 for a 3 year term and has 3 x 3 years rights of renewal. The current rental is $50,000pa, plus GST and OPEX. However, the BNZ are closing the branch shortly and wish to continue to operate an ATM machine within its own lobby on site. The terms of lease are currently being negotiated at present.

Whilst BNZ have publicly advised that they are closing the branch, along with many others, this is a property with great potential for many other commercial/retail uses, redevelopment or an owner/occupier seeking a location with high exposure. In the future there is an opportunity to capitalise on the growth that the Coromandel Peninsula is enjoying.

Total land area is 616sqm zoned Town Centre - Heritage under the Thames Coromandel District Council Operative District Plan.

If you are seeking a commercial investment property with a high profile location in a unique town loaded with history, situated in one of the best lifestyle coastal areas in New Zealand, then you must check this out. Call the listing agents now.