194-196 The Strand, Whakatāne, Whakatāne

Prime investment in the heart of Whakatane CBD

An exceptional opportunity to secure a high-performing, split-risk commercial investment in one of New Zealand's fastest-growing regional centres.

Strategically positioned in the vibrant Whakatane Central Business District, this multi-tenanted property benefits from high visibility and strong vehicle and foot traffic, making it a magnet for local shoppers and business alike.

Currently tenanted by:
* Pattersons Boutique - a bright and stylish women's fashion retailer with a loyal clientele
* Fancy Nails & Beauty - a popular beauty salon offering a full range of services

Both tenants are on varying lease terms, generating a reliable net rental income of $55,650 +GST per annum. The diversified income stream and proven tenant performance provide investors with peace of mind and long-term stability.

Additional Highlights:
* Split-risk investment with two established tenants
* Ground lease in place with Whakatane District Council - 14-year perpetual rights of renewal
* Located in the sunshine capital of New Zealand, with strong local economic and population growth
* A motivated vendor means an opportunity to secure an affordable, high-yield asset

Whether you're looking to start or grow your investment portfolio, this property presents the ideal balance of location, stability, and growth potential.

Act quickly - opportunities like this in the heart of Whakatane don't last long!