Ideal investment for sale: 14-16 Commerce Street, Kaitaia.
This iconic building has been in the ownership of the Vegar family for the duration, being constructed under the instructions of the vendor's father. The building is steeped in Kaitaia's history, being part of the commercial/retail growth of the region, and now housing two well-known tenancies, Age Concern and Happy Bowl.
The land area is divided into 3 titles, of a combined 1,043 sq m (more or less) and a building size of approx. 330 sq m over both tenancies with a significant street frontage to Kaitaia's main thoroughfare of 18 m (approx.). The current rental for the building, including both tenancies, is a combined $43,478 per annum plus GST and outgoings.
There is ample parking/yard space at the rear of the property with access to this yard via Redan Rd. Further public parking is available adjacent to the property, plus ample street parking on Commerce Street.
The building, being a concrete structure, was re-roofed approximately 10 years ago. This property is an ideal investment for first-time investors, or for an investor wishing to add to an existing portfolio.
The vendors have made the hard decision to sell, having had the benefit of this investment property for many, many years.
For more information call Glenda West 021591231 or email glenda.west@raywhite.com