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Rough now, reward later

654 State Highway 25, Waitakaruru

Industrial Buildings
gavel

Auction

Floor area
1856m2
Land area
8804m2
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Auction

Thursday
2:00pm
1030 Victoria Street, Hamilton
21
May

Map

Property details

Listing # 2630231 | Listed on 17 April

•Value‑add or redevelopment potential
•Auction sale by liquidators
•Three-month-to-month tenants offer holding income
•Prime SH25 exposure to Coromandel holiday traffic
A genuine value add opportunity awaits at this landmark former dairy factory site on the high profile State Highway 25 route. Well-known locally and strategically positioned at the gateway to the Coromandel Peninsula, this property has stood the test of time and is now ready for a new chapter. The scale, exposure, and underlying potential will immediately appeal to bargain hunters, hands‑on add‑value buyers, and forward‑thinking developers seeking a site with future upside.
Three tenants on flexible month to month arrangements provide holding income with scope to renegotiate leases, increase returns, or clear the way for a full redevelopment. With constant traffic from weekenders, holidaymakers, and trades heading to the Coromandel, this is an ideal site for a service station, workshop hub, café, or modern service centre.
Offered for sale by the liquidators, the land, the exposure, and the position are the assets. Priced to reflect current condition and presented as a blank canvas for the right buyer.

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