ID WTC117830

Invest in the best

Exceptional opportunity to purchase 885m2 of "Commercial" land, with substantial holding rental income from the 210m2 of office space. You can choose to either develop or hold the property for future gains.

Located at the entrance to Whakatane, on the main road, with neighbors of McDonalds, KFC, Burger King, and Caltex, you are in the epicentre of the drive through fast food outlets.

Currently returning approx $43,000 per annum from a number of tenants. They are all keen to stay, with varying lease terms and renewals running through to May 2025. Their are shared facilities for all sole use offices, it works well. Plenty of parking, mature trees surround the property, great access, and visibility. You simply can not get more central in Whakatane.

It is very rare that properties in this position come to the market. Our vendors are keen to make the transition from landlord to retirement, so be assured, the property is seriously on the market. Sale price is Plus GST if any.

• Land 885m2
• Building 210m2 (approx)
• Tenancies total approx $43,000 per annum + gst
• Sale price plus GST if any
Area | 210.00m2Land | 885 m2LV | $465,000RV | $830,000

Alan Copeman

M  021 874 222  P  

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