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Bank-backed income with guaranteed growth

9 Rathbone Street, Whangarei

Retail Property
dollar

Deadline Sale

Floor area
438m2
Land area
478m2
Title type
Freehold
On this page:

Deadline sale

Wednesday
4:00pm
15
Apr

Map

Property details

Listing # 1054852 | Listed on 12 March
  • Freehold 478sqm CBD site with 438sqm building (67% NBS)
  • 6-year lease to Harvey Furnishings from Sept 2025
  • Net income $121,419.48 pa + GST with 2.5% annual growth
  • Nine-month bank guarantee in place

Positioned in the heart of Whangārei’s CBD, 9 Rathbone Street presents a freehold investment in a proven retail precinct. The property occupies a high-exposure location between established national brands, benefiting from strong pedestrian flow and consistent retail demand.

The 438sqm single-level building sits on a 478sqm freehold site and has been strengthened to 67% NBS, providing confidence in the underlying asset. The new six-year lease to national retailer Harvey Furnishings, supported by fixed annual rental increases and a nine-month bank guarantee, delivers secure, predictable income from day one.
With long-term income, fixed growth and a premium CBD position, this is a hands-off investment suited to private investors seeking resilient regional exposure.

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