Located near the top entry to Coast Plaza, this well-positioned freehold site offers a compelling mix of secure income, scale, and long-term flexibility. Set on 929sqm (more or less), the property comprises a 690sqm (approximately) building plus 20sqm of deck.

The investment is underpinned by two long-term leases: a new six-year lease to an experienced hospitality operator, Paraoa Brewing Co, in occupation since 2021, and a ground lease for telecommunications infrastructure to Connexa Limited. Together, the leases deliver a combined net rental income of $193,908 + GST per annum.

Zoned Business – Town Centre, the site supports a wide range of commercial and mixed-use activities, including development up to 18 metres. Surrounded by local services and a growing residential catchment, this is a smart, low-maintenance holding in a tightly held coastal centre.

Contact the sole agents for more information, or a viewing.