Positioned on busy Maunganui Road, this fully leased two-level commercial building offers secure income and a rare chance to buy into one of Mount Maunganui's most tightly held locations at an affordable price point.
- Proven income-producing Mount Maunganui commercial investment with strong street presence
- Constructed in 1958, with a total floor area of approx. 322sqm (159sqm ground floor retail and 163sqm first floor office)
- Fully leased, returning $112,500 + GST and outgoings p.a. (net to the building owner $77,000 + GST p.a. after ground lease to the landowner)
- Favourable ground lease structure with unlimited 21-year renewals and rent reviews only at renewal, delivering long-term stability and making this leasehold interest more attractive than typical leasehold offerings
- Ground floor tenant Repertoire Limited - a premium New Zealand fashion brand with eight boutiques nationwide. Their head office, design studio, and production hub are all based in Mount Maunganui, reinforcing long-term commitment to the region
- First floor tenant Virtuo Design - an established creative studio that has occupied the space for 6+ years, providing a reliable and long-standing tenancy in this tightly held precinct
- Maunganui Road's historically low vacancy rates underline strong tenant demand and long-term leasing stability
For sale by Deadline Private Treaty closing 4PM Wednesday 17th December 2025 (unless sold prior).
Secure your investment in one of New Zealand's most desirable coastal commercial strips - contact Christy Arundel for further information on 122 Maunganui Road, Mount Maunganui.
