Provincial cash cow
Nestled in a prime location on The Strand, awaits a lucrative investment opportunity for savvy investors seeking a solid income-producing property. Presenting an immaculate 737sqm (more or less) two-level commercial building, boasting a strong mix of tenants, ensuring a steady income stream. With a commendable B Grade Seismic Rating and meticulous presentation, this asset exudes reliability and quality.
Sitting prominently on The Strand in the heart of Whakatane's bustling CBD, this property offers unparalleled visibility and foot traffic. Front and rear pedestrian access, coupled with ample parking, further enhance its appeal to both tenants and customers alike. The asset benefits from a recently renewed 14-year land lease from the Whakatane District Council, with perpetual rights of renewal, ensuring long-term stability for investors.
Rare commercial opportunities like this in the Whakatane market are few and far between. Astute investors on the lookout for a trophy property to enrich their portfolio will be captivated by the generous leasehold yield and the promise of a secure, long-lasting investment. The vendor's unwavering commitment to the sale underscores the seriousness of this opportunity.
Seize the chance to cement your position in the Whakatane real estate landscape by investing in this extraordinary commercial property on The Strand. Contact us today to elevate your investment portfolio!
- Multi tenanted / secure split risk asset
- B Grade / 67% NBS Seismic Rating
- High profile landmark CBD site
- Leasehold land with perpetual renewals
- Current passing income $203,630 +GST with room for growth
Sitting prominently on The Strand in the heart of Whakatane's bustling CBD, this property offers unparalleled visibility and foot traffic. Front and rear pedestrian access, coupled with ample parking, further enhance its appeal to both tenants and customers alike. The asset benefits from a recently renewed 14-year land lease from the Whakatane District Council, with perpetual rights of renewal, ensuring long-term stability for investors.
Rare commercial opportunities like this in the Whakatane market are few and far between. Astute investors on the lookout for a trophy property to enrich their portfolio will be captivated by the generous leasehold yield and the promise of a secure, long-lasting investment. The vendor's unwavering commitment to the sale underscores the seriousness of this opportunity.
Seize the chance to cement your position in the Whakatane real estate landscape by investing in this extraordinary commercial property on The Strand. Contact us today to elevate your investment portfolio!
- Multi tenanted / secure split risk asset
- B Grade / 67% NBS Seismic Rating
- High profile landmark CBD site
- Leasehold land with perpetual renewals
- Current passing income $203,630 +GST with room for growth
Key features
Occupancy
Leased to multiple tenants on various lease terms
Seismic (NBS rating)
67% NBS Seismic Rating / B Grade
Opportunity
Presenting a fantastic yield with room for growth
Location
Sitting prominently on The Strand in the heart of Whakatane's bustling CBD
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