With a locked-in tenant already in place, this tightly held 29sqm commercial unit presents an affordable, low-entry investment opportunity 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 2:30pm 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
