23 Tahi Road, Ostend

This gun commercial corner-holding sits clean and proud in the busily improving Commercial Hub of the Island, where all the background action happens. With three established tenancies and a cashflow of $85,754 net per annum - the 809m2 site with near-new septic infrastructure, includes two separate buildings totaling 423m2. The original (improved circa 2000) has a fully set-up commercial kitchen as one tenant, and an exercise gym as the other. The second building (circa 2012) has a two-bay floor area with mezzanine, currently housing Dance Out Loud dance studios. This building was originally purpose-built for a retail shop/warehouse with a high stud and roller door access to allow for fork trucks. With the paucity of mint commercial property on Waiheke Island, here is a solution for practical Island business coupled with the charismatic capital gain of Island property. Accessible from both ferries, enjoying ample off-road parking and dual road frontage - keys will be released to the next astute investor after a 23 year tenure. Dance to your own tune, keeping feet on the ground. Full information pack available upon request.