An exceptional opportunity to secure a high-performing commercial asset in one of Whangārei’s most active retail precincts. This 990sqm modern tilt-slab retail tenancy is occupied by Freedom Furniture, a well-established international brand, offering investors a secure and stable income stream.
The property is leased on a 5-year term, returning $167,500 + GST and OPEX per annum. Annual 3% fixed rent reviews and market on renewal, provide built-in rental growth and long-term confidence. Positioned directly opposite Harvey Norman and enjoying excellent exposure to Rewa Rewa Road, the site benefits from strong visibility, easy access, and high traffic from nearby complementary businesses.
The tenancy features a glass frontage, ideal for a showroom setup, a dedicated delivery bay for efficient logistics, and shared on-site customer parking conveniently located at the front. The building’s tilt-slab construction provides a modern and low-maintenance structure, well suited for large-format retail or destination tenants.
This is a rare chance to acquire a quality, tenanted investment in a proven location with strong tenant covenant, excellent site functionality, and future growth potential.
This property is being sold by Deadline Private Treaty closing 2:00pm Wednesday 1 October 2025
Contact Megan today to learn more or schedule a viewing.
Features:
- Annual Lease: returning $167,500 + GST p.a. net
- Lease Term: 5 years expiring 19 Jan 2030, with right of renewal for 3 years
- Tenant: Freedom Furniture
- Review: Annual 3% fixed rent reviews with market on renewal
- Floor Area: 990 m² (approx.)
- Structure: Modern tilt-slab construction with high-stud showroom space
- Presentation: Glass frontage ideal for display and natural light
- Access: Dedicated delivery bay for stock handling
- Parking: Pro rata share of on-site carparks directly in front of the premises
- Surroundings: Amongst national retailers, offering excellent synergy and traffic
More information: https://www.colliers.co.nz/p-NZL67035871
