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Waiheke Island

116 Ostend Road,, Ostend

Tender

4:00pm, Wednesday 2 December 2020

Property ID WAI11288

Key Features

  • Corner site - main road exposure
  • Well maintained building
  • Expansion opportunities
  • Parking for 20 cars

floor

479 sq m

land

1859 sq m


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The gym building was built in the late 1990's and was added to the existing building which houses the 'Tank Shop'. It now has a floor area of 479 sq m and is set on a generous site of 1,859 sq m (more or less).

Combined this includes:
The Spin Bike studio downstairs at 45 sq m
The Gymnasium at 256 sq m
The Tank Shop at 178 sq m

The lease for The Tank Shop runs to 2028 & the lease for the Gymnasium runs to 2032.

The current, long term tenants have both been there for over 23 & 25 years respectively. The gym also houses a sauna room, three bathrooms (mens, womens & a disabled facility), changing rooms (Five showers & three toilets), office and reception/kitchen. The Tank Shop has a toilet and hand basin plus an office.
There is easy 'drive in' building for ease of loading/unloading and a large storage area alongside for the storage of new tanks. There is also parking to facilitate 20 cars.

This is arguably the best industrial corner site with main road exposure on Waiheke Island. The new owner could look at expanding the buildings in the future for further up-side in their investment.

(boundary is indicative only & areas are 'more or less')

Clive Lonergan

Clive Lonergan

Waiheke Island

Cell Phone+64 27 499 3278

Emailclive.lonergan@nzsir.com

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