This tightly held 29sqm commercial unit presents an affordable entry point into commercial property ownership, positioned within a well‑run body corporate in a central location.
Home to Brothers Barbers for the past 8 years, the property demonstrates strong occupational appeal and proven demand. The tenant recently renewed their commitment to the premises, commencing a new lease in October 2025 for a further term, plus two rights of renewal of 5 years each, providing long-term tenure and security of income. The lease also includes market rent reviews every 2 years, offering the opportunity for regular rental growth.
The narrow footprint is ideally suited to barbers, hairdressers or similar personal service operators, with a simple yet tasteful rustic fit‑out that complements its current use.
Despite its compact footprint, the property is thoughtfully and well-appointed, offering the added convenience of a rear toilet, laundry, and kitchenette.
For investors, this is a compelling starter commercial investment - offering a return profile that outperforms a term deposit, with scope for ongoing rental growth as centrally located, small-format commercial spaces continue to be tightly held.
A practical, low‑maintenance asset with an established tenancy history and future upside.
This property is being sold by Auction at 11am on the 12 June in the Colliers Conference Room, 211 Port Road, Port Whangarei.
Contact Megan (027 346 4194) today to discuss this opportunity.
Features:
- Returning $14,500 pa + GST & Outgoings
- 29 sqm Central Commercial Unit
- 5-year lease term
- Affordable Entry into Commercial Ownership
- High Demand for Small Format Asset
- Low Maintenance
More information: https://www.colliers.co.nz/p-NZL67040184
