Whakatāne
8-14 Richardson Street, Whakatāne, Whakatāne
+33
Commercial investment with growth potential
Presenting a premium opportunity to secure a strategically positioned commercial asset in the heart of Whakatane's bustling CBD. This prominent two-level building comprises 743sqm (more or less) and represents a strong income-producing investment with clear potential for uplift.
The property is currently multi-tenanted, with two established occupiers generating immediate cash flow from 333sqm, while a further 410sqm remains available for lease or potential owner occupation. This configuration provides both a secure baseline income and a meaningful scope to enhance returns. The current annual passing income of $61,260 +GST offers a solid foundation, with the ability to significantly increase revenue through further leasing.
Situated on a high-profile corner site, the building benefits from excellent visibility, consistent foot traffic and strong neighbouring businesses. Dual access from both the street frontage and the rear enhances operational efficiency for tenants, while ample nearby parking supports customer convenience.
The property sits on leasehold land with perpetual renewals through the Whakatane District Council, providing long-term certainty and ongoing viability for investors.
Key attributes include:
* Multi-tenanted, split-risk investment structure
* High-profile corner location with strong exposure
* Current passing rental of $61,260 + GST, with the opportunity to increase income materially
With an extremely motivated Vendor, this is an exceptional chance to acquire a commercial asset in a tightly held CBD location.
Contact us today to arrange a viewing and start your journey towards elevating your investment portfolio!
To be sold by Tender, closing 4:00pm, Thursday 19 February 2026 (unless sold prior), at 202B The Strand, Whakatane.
Larissa Reid
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Add value
Offering a current passing income of $61,260 + GST, with strong potential to double returns by leasing the remaining vacant space
Occupancy
With two well-established tenants already in place occupying 333sqm, this property also offers a further 410sqm of versatile space available for lease or owner occupation
Parking
Abundant on-street parking is complemented by a public car park located directly across the road, providing excellent convenience for staff and clients
Location
A high-profile corner site, superbly positioned in the heart of Whakatāne’s bustling CBD
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