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Whakatane

42-52 Commerce Street and 5 Pyne Street, Whakatane, Whakatane

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2,705sqm Land area SQM
3,399sqm Floor area
30 Offstreet

Buy big in the Eastern Bay of Plenty!


• Split-risk provincial investment asset
• Strong corporate tenants/lease covenants
• Solid income earner/superb cashflow

The principal property comprises a four-level commercial office complex known as the Commerce Plaza that provides quality office accommodation and has an A grade seismic rating. Situated on a large freehold title, the building occupies a high-profile corner site on a major thoroughfare into the Whakatane CBD.

The majority of tenant carparking is provided on the additional Pyne Street site opposite the office complex, which comprises a fully sealed uncovered yard area with thirty allocated parking bays.

Professionally managed by Focus On Property, the premises are currently fully leased and include corporate tenants Bay of Plenty District Health Board, Horizon Energy Distribution Limited and Todd Management Services Limited.

A proven passive performer with an impressive annual net income, this split-risk asset must appeal to discerning investors seeking an attractive provincial yield!

For Sale by Negotiation
Brendon Bradley

Brendon Bradley

Commercial Sales and Leasing

Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Larissa Reid

Larissa Reid

Commercial and Industrial Sales and Leasing

Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Land area breakdown


2,705sqm freehold land (more or less) in two separate titles

Floor area details


3,399sqm (approximately) occupied by three corporate tenants

Passing income


$681,024 + GST and outgoings

Seismic (NBS rating)


80% to New Build Standards

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