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Selling After Decades of Good Returns

96 Commerce Street, Kaitaia

Retail Property
gavel

Auction

Floor area
370m2
Land area
511m2
Covered park
4
On this page:

Auction

Thursday
11:00am
NAI Harcourts Whangarei Auction Rooms, Level 2, 33-35 Robert Street, Whangarei
04
Dec

Map

Property details

Listing # NW2559 | Listed on 3 November

This is a great chance to acquire a single-tenanted, national-brand investment underpinned by a longstanding loyal tenant: Westpac Bank on Kaitaia's main street.

Investment Highlights:

Secure Income: Enjoy a strong annual net return of $63,000 + GST.
National Covenant: Westpac Bank has been the committed tenant since July 2012, providing exceptional tenant security.
Future-Proofed: The tenant is cementing their commitment by undertaking a full air conditioning system overhaul at their own cost.
Vendor Assurance: The current owner is committed to delivering a quality asset and is replacing the roof entirely, with work to be completed prior to settlement.
Good Seismic Rating: A detailed 2023 seismic assessment by BECA confirms a satisfying 70%NBS rating, providing peace of mind to investors.

Don't miss out on this established, hassle-free commercial property.

Contact Paul van den Berg today to register your interest and receive the full property information memorandum.

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