Welcome to 25-39 Rathbone Street, Whangarei. A prominent landmark in the CBD best known as the
Michael Hill Building as the top floor was tenanted by the famous Whangarei based jeweler for many years.

On offer to purchase are Levels 1, 2 & 3, giving the purchaser a majority share in the Body Corporate.

Level 1 is fully tenanted with tenants mainly on a month-to-month lease returning approx. $160,000 annually.
Levels 2 & 3 are entirely vacant. The properties have a total of 3,156 sqm! Serviced by 2 lifts and 2 staircases with access from both Rathbone Street and Laurie Hall Park.

Even at a conservative lease price, the returns of a refurbishment are significant for those prepared to bring it up to a lettable standard!

The potential of this property is noteworthy due to its canter-levered construction. The exterior windows are removable without compromising the structure, allowing you to change to a modern exterior with ease.

Get in touch today for more information.