Sandy Beech
09 December 2024, 7:00 PM
Locals in ĹŚrewa may soon see changes at Hillary House, the iconic three-level commercial building adjacent to Hillary Square.
Owned by the Morris family, the property is now listed for sale as a multi-tenanted investment opportunity, offering both immediate income and potential for redevelopment.
Hillary House is a significant presence in ĹŚrewa, housing a range of businesses across retail and office spaces, including health and beauty services, food retailers, and clothing stores.
The property features mezzanine areas, adding flexibility for tenants.
With a total floor area of approximately 1,063 square metres and a strong tenant mix, the building generates a current net rental of $247,680 per annum plus GST and outgoings.
The site’s zoning allows for future development with building heights permitted up to 18 metres.
Investors may see the property as an opportunity to contribute to Ōrewa’s steady growth while benefiting from its current stability and returns.
Ample car parking enhances the site’s appeal to tenants and customers alike.
Bayleys Commercial Silverdale agents Ben Clare, Graeme Perigo, and Marie Hansen are managing the sale, which will close via deadline sale on 12th December.
Interested parties are encouraged to contact the agents for further details.
Hillary House represents a rare opportunity for investors to secure a well-tenanted property in a thriving beachside community, with options for long-term growth through redevelopment.
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