4 The Esplanade, Omokoroa presents a rare opportunity to secure a freehold, multi-tenanted commercial investment property in one of the Bay of Plenty's most tightly held beachside locations.
Positioned directly opposite the Omokoroa Wharf and beachfront reserve, and surrounded by (Council) public carparking, reserves and playground, the property occupies a prominent 830sqm (more or less) Commercial-zoned site. The property stands proudly on the only commercially zoned site on the Omokoroa waterfront, offering a strategic land bank with holding income and future redevelopment potential.
The two-storey building provides has a total floor area of approx. 312sqm plus decks, and offers three income streams comprising ground floor retail (Omokoroa Beach Store), first-floor cafe (Alma Eatery with deck) and a self-contained flat. The asset delivers holding income today, with substantial rental upside, presenting clear and measurable add value opportunities through lease review and active management.
Investment Highlights:
Freehold commercial site (approx. 830sqm)
Commercial zoning
Multi-tenanted investment returning net rental of $51.417.66 p.a
Future rental upside
Prime wharf and beachfront position
Strong underlying land value
Land bank with future redevelopment potential in one of Omokoroa's most prominent waterfront locations
Contact Christy Arundel and Ivy Shen for the Information Memorandum and full tenancy details.
