Anchored by the Ministry of Education and Switch Accountants since 2009, this modern, architecturally designed office building on Louvain Street presents a low maintenance tenanted investment within the commercial heart of Whakatane. The two long established tenancies have a current net rental of $134,000 plus GST per annum.
Built in the late-2000s, the property offers some of the best quality office accommodation in this region. The building is highly functional, featuring a central lift, shared modern amenities on both the ground and first floors, and a flexible layout that is configured into four independent office quadrants. This versatile design suits a wide range of office occupiers, allowing an incoming landlord to seamlessly pivot or sub-divide space in the future with minimal, if any, capital investment.
The property sits on a substantial 1,012m² of freehold land within Whakatāne’s commercial centre where professional, medical, and governance facilities are continuing to shift. Mixed use zoning provides long term use flexibility. Tenant and customer parking logistics are completely taken care of with private, gated on-site parking at the rear, but also access to an adjoining large free council car park. For investors seeking a modern low maintenance investment with steady income from long established tenants, this Whakatāne opportunity warrants close attention.
Contact Sean for more information.
Features:
- Building area: 606m²
- Freehold land area: 1,012m²
- Current net rental: $134,000 + GST
- Investment with two well established tenants
- Great on-site secure parking
- Modern low maintenance building
- Flexible layout for up to 4 tenancies
More information: https://www.colliers.co.nz/p-NZL67040485
