10-12 Campbell Street, Whitianga, Thames-Coromandel

Retail/Commercial Investment Property

•Fully leased to two well established local tenants
•Two separate modern buildings
•Freehold Retail/Commercial property in two titles
•Opportunity for future rental growth
•Well located on a major road within the main retail/commercial area

This property is well presented and the main building fronting Campbell Street has a strong timber presence and is leased to a well established operator - Dive Zone Whitianga who relocated due to their expanding business activities. The building has been refitted to suit the specific requirements of the tenancy with a large retail area, training rooms, office, toilet facilities, storage rooms, office, etc. The basement is suitable for storage and contains the compressors and other machinery for the building.

The other building fronting Owen Street was purpose built as a laundromat and is partitioned and has self contained facilities.

Brief Property Details
•Large Freehold Site - 1,528 sqm (more or less)
•Two Road Frontages - Campbell Street & Owen Street
•Total Floor Area - 515sqm (more or less plus decks)
•Dive Zone - 393sqm (total floor area more or less) Leased at $55,200pa net Plus GST
•Laundromat - 122sqm Leased at $17,500pa net Plus GST
• Total net rental $72,700pa + GST
•Onsite parking for 14 vehicles
•Expansive paved yard area

Whitianga is considered to be the fastest growing town on the Coromandel Peninsula with an estimated population around 5,000 permanent residents, swelling to around 18,000 over the summer season, plus a surrounding Coromandel district population of well over 26,000 and swelling dramatically over the summer months and holiday periods due to the popular beach communities.