28 and 32 Albert and Monk Street, Whitianga Strategic hold where the sky's the limit

Available PropertyFiles:

  • 32 Monk Street, Whiti Lease - Bay Bakery 2021 Deed of Lease LR.zip
  • 32 Monk Street, Whitianga - Lease Bay Barber Ltd - Lease Agreement.zip
  • DEED OF VARIATION, RENT REVIEW & RENEWAL - A AND B PHARMACY 2023.zip
  • DOA A & B Pharmacy Ltd-sublet.zip
  • DOA A & B Pharmacy Ltd.zip
  • DOL Mercury Bay Pharmacy 2004 Ltd -Sublet.zip
  • DOL Mercury Bay Pharmacy 2004 Ltd.zip
  • Deed of Lease - Bay Barber Ltd 28.02.24.pdf
  • IM - 32 Monk & 28 Albert Street, Whitianga.pdf
  • LIM Report - 28 Albert Street Whitianga.zip
  • LIM Report - 32 Monk Street Whitianga REDUCED.zip
  • Registration of interest & Phone Bidding - 28 Albert & 32 Monk St..pdf
  • Sale and Purchase Agreement20240223140313.pdf

Property Description

When it comes to prime locations, 28 Albert and 32 Monk Street in Whitianga stand out as unparalleled. Being offered together, these two titles boast a combined land area of 595 sqm (more or less). With a current strong return of $74,809pa +GST/OPEX from multiple tenants, this property presents a lucrative investment opportunity. Its strategic location and the potential for future redevelopment make it even more enticing.

The site is well-suited for future development, taking advantage of the pedestrian core zoning that currently allows for an 80% site coverage and buildings up to 12 meters high. This flexibility opens up a multitude of options for this multi-tenanted investment.

Whitianga, as the largest town on the Coromandel Peninsula's eastern seaboard, is at the forefront of substantial growth. With New Zealand's largest canal development and a continuously expanding permanent population base, the property is not just an investment; it's a stake in the thriving future of this dynamic town.

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Contact Tony Chaudhary

Bayleys Real Estate Limited, Manukau

Licensed under the REA Act 2008

021995121   tony.chaudhary@bayleys.co.nz   All Listings

Tony Chaudhary’s proven strategies for attaining outstanding results for his commercial property clients have seen him rise through the ranks of Bayleys since joining the group 15 years ago. Tony has ranked amongst the company’s Top 5% of agents nationwide every year since joining Bayleys and he was awarded the esteemed title of No 1 Commercial Agent, New Zealand in 2020/2021.

Specialising in the South/East Auckland commercial property sales market, Tony’s expertise is also regularly called upon by his clients throughout the Auckland market as they recognise the value he can add to the real estate table.

Regularly dealing with individual property owners, corporate clients, high-profile national retail groups, and key international property clients, Tony’s business has grown exponentially on the back of repeat and referral business, record sales prices, a changing market, and clever solutions to his clients’ property challenges.

It is no surprise due to the continuing growth of the business that Tony is now supported by Janak Darji, Gaurav Minhas and Manu Pundir who each bring their own wealth of knowledge and expertise to the team. Tony’s proficiency in Hindi, Punjabi, and English, plus an understanding of Gujarati, allow him to gain people’s confidence and give him the edge in negotiations. Janak also speaks Gujarati and Gaurav also speaks Punjabi, Hindi and Fiji-Hindi.

Tony Chaudhary and his team efficiently services a growing national and international client base which values their diligent work, intelligent marketing strategies and proven negotiation skills that Tony has consolidated. Tony and the team invest significant time and energy to ensure that every avenue is pursued to find the right buyer for each property he is entrusted to market.

Deeply established in the Auckland commercial property market, Tony and his team, together with the reputable Bayleys brand, delivers exceptional real estate service to discerning property owners keen to realise true market value in the competitive marketplace.