Morningside, Auckland City

The owner wishes to retire this outstanding asset, presenting a rare opportunity for you to secure a high-performing investment in one of Whangarei’s most visible commercial locations. Don’t miss this chance to invest in a premium property package with excellent income and future potential.Situated on the southern fringe of Whangarei’s CBD, these two adjoining properties boast exceptional exposure to high volumes of traffic and offer flexibility to purchase either individually or together.PROPERTY HIGHLIGHTS: 12A Porowini Avenue - A high-profile 1,008m² corner site, fully refurbished in December 2021 for anchor tenant BedsRus, featuring a secure eight-year lease with two five-year rights of renewal• 1 Tarewa Road - A 663m² adjoining site with a recently upgraded three-bedroom home and separate double garage. Currently tenanted by residential tenants eager to stay on, providing an additional steady income stream. Both sites are zoned for Commercial Use, unlocking exciting possibilities for future multi-level development in a thriving and growing business hub.KEY FEATURES:• Prime corner location with excellent visibility• Combined current net income of approx. $130,000 + GST• Secure tenancies with quality occupants• Modern refurbishments completed for both commercial and residential use• Huge future development upside in a strategic growth areaContact the sole agent for the full information pack or to arrange a private viewing.