Sitting on the edge of the fastest growing residential area in Whangarei is 21.7 hectares. This property is zoned general housing and is ready for development now. There is a 3-bedroom cottage and double garage to go with the block. Immediate boundary's Vinegar Hill Road and on the eastern boundary is the Putanui Stream which leads into the Hatea River. On the river boundary is cycle/run/walkway leading to Whangarei city and town basin along the Whangarei falls and Hatea river tracks. 7.7 km to the town basin. Two kilometres to Town Centre (Countdown, Chemist, Medical centre, gas station). Suburb of Kamo round the corner. Sports ground down the road with schooling a plenty. Short drive to the Tutukaka Coast highway and State Highway 1. You won't get closer to town! With huge demand for sections in Whangarei and a lack of availability, don't miss this opportunity to put money in the bank or land bank for the future. It doesn't get easier than this!!

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Maungatapere has become the hub of the area with the Cafe, takeaways, gas station and more. The area is keenly sort after by lifestyle property owners and horticulture operators. The Old Maungatapere Dairy Factory is returning approx. $253,000 per annum. An astute investor will appreciate the local tenants with strong leases, these include Bulk fertilizer, A Cafe, Art and Collectables Shop, Mechanical Workshop, Dress Shop, Hairdresser and more. This great investment opportunity, in an awesome location, is being offered to the market as the Vendor of 10 plus years, is looking to retire.

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Looking for a secure investment with returns better than cash in the bank? This prime commercial-retail property offers multiple tenancies, ensuring a diversified and stable income stream. Key Features: •Multiple Tenancies: A well-structured mix of tenants providing steady cash flow. •Recent Improvements: Upgraded facilities ensure a modern and attractive property for tenants and customers alike. •High Foot Traffic: Located in the heart of Kamo, this property benefits from excellent pedestrian activity, ensuring strong tenant performance. •Council Carpark: Convenient parking adjacent to the property adds to its accessibility and appeal for customers and tenants. •Solid Returns: Current rental income offers exceptional value with room for further enhancement. •Prime Location in a Growing Suburb: Unlike the CBD, Kamo boasts 100% tenanted shops, reflecting its strong demand. A growing residential population fueled by the city's expansion ensures continued prosperity for businesses in the area. •Growth Potential: Opportunities to optimize leases and improve yields make this a savvy investor's dream. Don't miss out on securing a high-performing asset in a sought-after location. Whether you're looking to expand your portfolio or enter the commercial property market, this is your chance to invest with confidence and reap the rewards. For more details or to arrange a viewing, contact us today.

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