1 Alice Avenue, Orewa, Rodney

Multi-tenanted with development potential

•Multi-tenanted investment providing immediate income with a current net rental of $247,680pa + GST
•Development potential with zoning allowing building heights up to 18 metres
•Located in Orewa, a beachside community with steady growth and future potential

This three-level commercial building offers a rare opportunity for investors seeking stable returns and future development possibilities. The property features a mix of retail and office tenancies, including health and beauty, food retail, and clothing, with mezzanine areas for added space and functionality. With a strong tenant mix and a current net rental of $247,680pa + GST and outgoings, the building provides
immediate and attractive returns. The property spans a total floor area of 1,063sqm (more or less), situated in Orewa, a growing beachside community.

This property offers a unique investment opportunity in an area experiencing steady growth and future potential. The zoning allows for development up to 18 metres, making this site ideal for long-term investment strategies. Investors will appreciate the flexibility of this asset, with multiple tenants in place, ample car parking, and the potential for future growth through redevelopment. Act now!