Bayleys Tauranga is proud to present this fantastic investment opportunity located in one of the most soughtafter locations in Mount Maunganui.

•Approx. 1,163sqm freehold site

•Industrial zoning

•High profile location with future redevelopment potential

•Net rental $69,000 p.a + GST (with upside)

Situated on a high-profile site (corner of Newton Street/Hewletts Road), 156 Newton Street offers 1,163sqm (more or less) of freehold land, perfect for those looking to expand their property portfolio.

Currently returning $69,000 + GST with two tenants occupying the space: Trevor Lee Autos and an electronic billboard operator. Additionally, there is a vacant piece of land on the site, offering further potential for income generation or occupation (previously leased at $30,000 p.a + GST & outgoings).

With its prime location and industrial zoning, this property presents numerous possibilities for those looking to make a strategic investment. Don't miss out on this rare opportunity to secure a high-profile investment in Mount Maunganui.

156 Newton Street is offered to the market For Sale by Deadline Private Treaty closing 4pm Thursday 13th April 2023 (unless sold prior).

Contact Davidson Commercial today to arrange a viewing or for more information:

Rory Brown: 022 490 1437

Christy Arundel: 027 247 4789

Lloyd Davidson: 021 949 099