8-14 Richardson Street, Whakatāne, Whakatāne

Add value investment

A prime commercial investment opportunity nestled in the heart of Whakatane's bustling CBD. This impeccably positioned two-level building spans an impressive 743sqm (more or less) and presents a lucrative prospect for discerning investors aiming to expand their portfolio with a solid income-producing asset. With two well-established tenants already in place occupying 333sqm, this property not only offers immediate cash flow but also features an additional 410sqm of available space for lease or owner occupation, allowing for even greater potential growth in your returns.

The property sits prominently on a high-profile corner site, ensuring unparalleled visibility and significant foot traffic. The surrounding area boasts a vibrant mix of businesses, making it an ideal location for attracting customers. Access to the tenancies is facilitated by both front and rear entries, while an abundance of parking spaces nearby enhances convenience for patrons and tenants alike. This strategic design contributes to the appeal, making this property a must-see for savvy investors.

Opportunities like this in the Whakatane market are indeed rare. The multi-tenanted nature of the building not only provides a secure income stream but also mitigates risk for investors, creating a stable and diversified asset. These features, combined with a generous leasehold structure that includes perpetual renewals with Whakatane District Council, further bolster the attractiveness of this investment. Currently, the annual net rental stands at $61,957 +GST, with ample potential to double that income through strategic leasing of the available space.

As the vendor is committed to a swift sale, this is your chance to secure a trophy property in a thriving location. With the local real estate market favouring growth, the time to act is now. Don't miss out on this opportunity to solidify your foothold in the Whakatane commercial landscape.

Contact us today to arrange a viewing and start your journey towards elevating your investment portfolio with this exceptional property on Richardson Street!

- Multi tenanted / secure split risk asset
- High profile corner site
- Leasehold land with perpetual renewals with Whakatane District Council
- Current annual net rental $61,957 +GST with the opportunity to double the income