Four separate tenancies, freehold title, and a price point well below replacement value, this multi-tenanted industrial property at 48 Marshall Place, Katikati presents a compelling entry-level investment opportunity with genuine upside. Returning a current net rental of $101,500 + GST and outgoings, the property offers affordable, sustainable income across four tenancies with room to grow rental rates over time. The low-maintenance nature of the asset makes it well suited to investors seeking a straightforward addition to their portfolio without the complexity of body corporate obligations. A vacant front tenancy provides the opportunity to add further value, whether through leasing to a new tenant or owner-occupier use. Situated close to Katikati's town centre, the property benefits from convenient access and good local amenity. With freehold security, multi-tenant diversity, and a purchase price that reflects strong value in the current market, this is the kind of asset that rarely presents at this price point. Priced at $1,649,000 + GST (if any), this represents an accessible entry into the Bay of Plenty industrial market.
Features:
- Floor area: 793m²
- Land area: 1465m²
- Four separate tenancies
- Current net rental of $101,500 + GST and outgoings
- Freehold title, no body corporate
- Vacant front tenancy offering add-value potential
- Low-maintenance investment asset
- Owner-occupier opportunity
- Close to Katikati town centre
For Sale by Asking Price of $1,649,000 + GST (if any)
