A commercial office premises in the central business district of the seaside suburb of Orewa, just north of Auckland, has been placed on the market for sale.
The 339sq m building adjacent to a small shopping hub, several hundred metres back from Orewa beach, is occupied by three separate tenancies - including a dental surgery and a graphic design studio.
It is being marketed for sale by negotiation through Bayleys, Orewa. Salesperson Mustan Bagasra says the property at 8W Moana Avenue comprises more than 10 offices and a reception lounge, earning annual rent of $58,305 net per annum from the three separate tenancies. The property also has four carparks.
"Popularly known as the Westpac Plaza, the complex caters to a range of retail, service and hospitality outlets in the centre of Orewa township. The site neighbours Orewa library and a supermarket," Bagasra says.
There's a lack of new commercial developments in Orewa and surroundings, and the site's Business Town zoning allows for future development prospects. He says the building has a street frontage onto Moana Avenue, with the tenancies having a high degree of natural lighting.
