Commercial

Diversified income with 8.18% yield

149-153 Whitaker Street, Te Aroha

Retail Property
dollar

Asking Price $550,000 Plus GST (if any)

Floor area
331m²
Land area
505m²
Title type
Freehold

Map

Property description

Listing # 5804168|Listed on 5 February
  • Quality refurbishment and seismic upgrade to code completed in 2006
  • Returning $45,000pa + GST

Positioned prominently on Te Aroha’s main street, 149–153 Whitaker Street presents a compelling commercial investment opportunity with a high yield.

This modernised asset comprises three retail tenancies, providing the benefit of diversified income. Excellent on-street parking directly in front of the property, together with rear access and additional parking, ensures ease of use for both tenants and customers.

The building underwent a comprehensive refurbishment and structural upgrade in 2006 by Fletcher Construction. Works included a new roof and full seismic strengthening, a significant advantage in today’s investment environment.

Featuring a well-presented façade, practical layout, and strong exposure on Te Aroha’s primary commercial strip, this property will appeal to local and regional passive investors seeking a secure, value-add investment.

Your notesYour notes
Success Realty Ltd (Licensed: REAA 2008) - Bayleys, Hamilton

Alex ten Hove

Licensee Salesperson | Success Realty Ltd (Licensed: REAA 2008) - Bayleys, Hamilton
42 active listings
Success Realty Ltd (Licensed: REAA 2008) - Bayleys, Hamilton

Luke Ten Hove

Success Realty Ltd (Licensed: REAA 2008) - Bayleys, Hamilton
42 active listings

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