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Whakatane

80/82 The Strand, Whakatane, Whakatane

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310sqm Floor area

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This 310sqm (more or less) regular shaped waterfront 1920's building is both versatile and can used for a variety of purposes. As is, it is currently fitted out for a well-established Bar and Grill and Gaming Lounge, located in a highly visible and easy foot traffic location right in the center of the central business precinct, offering rear pedestrian access and an abundance of parking. Ground lease to Whakatane District Council on 14-year perpetual rights of renewal.

- Ground floor Bar and Grill and Gaming Lounge set across 310sqm (more or less) with generous open plan seating area
- Polished timber floorboards, high ceilings
- Rear lane access with plentiful parking
- Net rental $95,000 +GST and outgoings per annum

Location:
Few regions in New Zealand or the world for that matter have as much to offer as the Bay of Plenty. From the gentle harbour waters to its surf beaches, its fishing and diving grounds to the scenic bush, the Bay is as much a quiet recreational playground as it is a thriving business and rural community. Key economic elements for the region include Tourism, Horticulture (predominately Kiwifruit and Avocado production), Viticulture, Pastoral farming, Forestry, Housing and Holiday Makers. The rapid growth in the area provides a vibrant living environment from job opportunities to business prospects with a sustainable future. With a mixture of beautiful scenery, great beaches, cafes, restaurants and nightspots it is a region providing the ultimate lifestyle.

Asking Price NZ$1,050,000 + GST (if any)
Larissa Reid

Larissa Reid

Commercial and Industrial Sales and Leasing

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

Features

Location


1920’s building with modern enhancements on a high-profile Central Business District site on the popular ‘Strand’

Occupancy


Long term tenancy in place with a well-established business

Passing Income


Net rental $95,000 +GST and outgoings

Seismic (NBS Rating)


52% to new build standards

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