•Strong national tenant covenant – JA Russell LTD on a 6-year lease
•Net rental income of $190,000 per annum
•Freehold property with prominent street frontages and 80% seismic rating
•Prime Whangarei CBD location with surrounding development activity

This investment opportunity is anchored by a well-established national tenant, JA Russell LTD, secured on a 6-year lease commencing 1 March 2025.

The property delivers a reliable net rental income of $190,000 per annum, with favourable lease terms, providing investors with a stable and predictable cash flow supported by a proven occupier.

The asset is held on a freehold title and benefits from prominent street frontages, offering excellent exposure and accessibility. The building is constructed to a high standard and achieves an 80% seismic rating, giving confidence in its structural integrity and long-term resilience.

Strategically positioned within Whangarei’s CBD, the property is surrounded by a number of ongoing and planned developments. This evolving precinct is expected to further enhance the area’s profile, underpinning future tenant demand and supporting long-term capital growth.

If you have any questions or would like to arrange a viewing, please contact the sole agents.

Daniel Sloper
021 022 10339
daniel.sloper@bayleys.co.nz

Nigel Ingham
021 562 919
nigel.ingham@bayleys.co.nz