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Diversified income with 6.93% yield

149-153 Whitaker Street, Te Aroha

Retail Property
dollar

Asking Price $649,000 Plus GST (if any)

Floor area
331m2
Land area
505m2
Title type
Freehold
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Property details

Listing # 5804168 | Listed on 5 February
  • Multi tenanted investment – providing split risk
  • Quality refurbishment and seismic upgrade 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.

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