Offering an exceptional long-term investment opportunity in the heart of the town's Central Business District. Benefiting from strong vehicle and pedestrian traffic, the location is highly attractive for commercial occupants and supports strong tenant demand. The property also includes eight onsite car parks accessed via the rear service lane.
This split-risk, multi-tenanted asset features a mix of retail and office occupiers, providing diversification and stability across its rental income. The property currently returns a net rental income of $55,185 +GST per annum. This reliable income, combined with its prime CBD position and secure long-term lease structures, makes the offering especially appealing.
The building sits on a ground lease to Whakatane District Council, benefiting from 14-year perpetual rights of renewal.
With a motivated vendor, this represents an outstanding opportunity for both first-time investors and those looking to strengthen or expand their commercial portfolio.
Astute purchasers will recognise the potential for ongoing growth in Whakatane and the value in acting promptly to secure this sought-after investment.
