23 Pohutukawa Avenue, Ohope, Whakatāne

Compelling Ohope coastal opportunity!

•386sqm (more or less) high profile corner site
•Dual tenancies with diverse incomes
•Freehold commercially zoned precinct
•Returning $38,817 + GST and annual rates
•Capitalise on the future commercial potential
•Blue-chip coastal location metres from the beach

Located in the charming coastal village of Ohope Beach, this property on Pohutukawa Avenue enjoys an enviable position within the township's highly active hospitality, retail and service strip. Situated just footsteps away from eleven kilometres of stunning ocean beach front, this high-profile corner site enjoys strong street visibility within a vibrant and compact commercial hub along the town's major thoroughfare.

The property was originally developed back in the 1960's with a retail building on the eastern corner of the site comprising a single level premises that has had subsequent additions and alterations over the years to suit tenant requirements. This 149sqm (approximately) premises is currently leased by 4 Art Sake trading as a gallery and gift shop.

The balance of land to the west has been leased to Moxi Cafe who have developed this area with dedicated shipping containers customised for use as a cafe, an associated kitchen, staff and customer amenities plus an adjoining seated area. The Moxi tenant own these cafe assets excluding the decking, which on expiry of the lease in 2029 the Landlord has the right to purchase these or have them removed if required.

With both leases expiring mid-2029, this property provides several options for astute investors to either extend the existing leases, owner occupy, repurpose or redevelop to maximise the outstanding potential of this prime location. Seldom do such superb seaside sites become available in Ohope Beach and this is one compelling coastal opportunity not to be missed!

For further information and/or inspections, contact the vendors sole agents from Bayleys Larissa Reid or Brendon and Lynn Bradley.