36 Nau Mai Road represents the first opportunity to obtain a large light industrial landholding (5937m2) within Raglan's Nau Business Park with 4 yards providing separate tenancy opportunities. Currently 3 of the yards have tenancies in place and 2 of the yards have good shedding and storage with one key long term tenant in place since the block was first subdivided and developed. It is an excellent proposition for your first commercial investment or to add to your existing portfolio and you may wish to explore the potential to subdivide under Section 24F of the District Plan which allows Nau Mai Business Park sites to be subdivided down to 1000m2. Popular Raglan is growing due to it's seaside attractiveness and the large scale residential coastal subdivision currently underway at Rangitahi Peninsula is almost ready for houses to be built in the first stage. With this future population growth comes growth in industry and business and the Nau Mai Business Park must be seen as a sound place to invest with this in mind. Call Kyle for all the details.
Rating Valuations: $ 405,000
Land Value: $ 345,000
Valuation Date: 01 Jul 2017
WDC Rates: $ 1,245.44 (incl gst)
WRC Rates: $ 324.96 (incl gst)
Legal Description: LOT 23 DP 480287
Title: 6371/30716 (Freehold)