6 George Lowe Place, Orewa, Rodney

Freehold property with huge potential

This is a rare opportunity to own a freehold property right in the heart of Orewa CBD which will suit investors and owner occupiers alike. Comprising of a land area of 830sqm and a building area of 450sqm, this property has a long standing iconic tenant with the lease expiring in 2021 if the right of renewal is exercised.

Returning $66,000pa + GST + opex, the lease has provision for an early termination of the lease with 12 month's notice for owner/occupiers or developers. For long term investors there may be a possibility that the tenant would be willing to extend the lease for longer term.

Be quick as such properties are in demand in this desirable seaside suburb of North Auckland.

Bayleys have been appointed as sole agents - please contact Mustan for any private viewings.