This waterfront property consists of a retail premises that spans the entire front ground floor of this building. The property is 275.4m2 net area (restaurant) plus 8 underground car parks plus shared use of the communal toilets. The property has a wide road frontage with potential to divide to two tenancy areas. The remainder of the building is retail on the ground floor and residential units on the upper floors.

The tenant is the well established Thai restaurant (Amazing Thai).
- 10 year term. Current term expires in approx 6 years.
- Two rights of renewal of 3 years each.
- Rent: $140,000 + gst + outgoings which is under rented according to recent valuation.

This modern property is situated in the CBD of Paihia, one of the most desirable tourism locations in New Zealand. The property has great ocean views, sits directly across from the newly developed waterfront promenade and has excellent road exposure. These factors contribute to a highly sought after premises with excellent profile for the tenant. Tourists and locals flock to this area to make the most of the exciting atmosphere, great weather and multitude of tourism activities that are based here. The Landlord completed an extensive fit out of the property which is included in the sale.

Motivated seller. Call the commercial specialist now for further information.