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Prime regional investment opportunity

39 Station Road, Kaikohe

Retail Property
dollar

Negotiation

Floor area
3381m2
Land area
7199m2
Title type
Freehold
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Map

Property details

Listing # 1003766 | Listed on 8 February 2024

Secure your stake in a high-performing retail asset with The Warehouse locked in as anchor tenant until 31 July 2032, plus three rights of renewal extending potential tenure to 2041.

Key Highlights:

  • Established Tenant: The Warehouse has occupied the site since 2003, delivering over 21 years of stable income.
  • Strong Net Income: $351,600 p.a. + GST – includes $329,600 from The Warehouse and $22,000 from Mid North Pregnancy Choice.
  • Recent Upgrades: Tenant-funded improvements include repainting, upgraded emergency lighting, and auto door systems and the Vendor has recently invested over $420,000 into the building to replace the main HVAC system and upgrade the building with energy-efficient LED lighting throughout.
  • Prime Location: Positioned in Kaikohe’s commercial hub alongside Woolworths and McDonald's, with excellent visibility and foot traffic.
  • Ample Parking: A large, well-maintained car park enhances accessibility for shoppers.

This is a proven, income-generating asset. Contact Bayleys Agent Daniel Sloper if you have any questions or would like to arrange a viewing.

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