2/12 Commerce Street, Kaitaia, Far North

Superb low-risk investment opportunity

• Long-term government lease to the Ministry of Education, returning gross income $162,588.91 p.a. + GST (includes Opex), with renewal options extending to 2037, providing stable and secure rental income backed by a reliable tenant.

• Modern, purpose-built office constructed in 2019.

• Located on a prominent corner site in Kaitaia, enhancing the property's appeal to high-quality tenants.

• Rental growth through CPI and market rent reviews, ensuring strong future returns for investors..

• Strategically located city centre commercially zoned site.

This landmark modern, purpose-built building occupies a high-profile position in the heart of Kaitaia, which is currently experiencing continued investment in the town and infrastructure.

This contemporary business space comprises a substantial commercial premises that was purpose-built in 2019 to provide state-of-the-art office accommodation, including both open-plan and private workspaces, complemented with places to eat and relax.

There are three partitioned office suites, plus two large board/meeting rooms with high-quality amenities and IT capability. There is a large staff communal kitchen and dining area, including a very attractive outdoor area.

Security for staff is paramount, with integrated CCTV and security systems, as well as a fenced carpark that includes 3 charging points for electric cars.

Overall, these premises reflect a shift towards collaboration and flexibility, embracing an innovative office design that promotes a dynamic and fluid environment.

Astute investors looking to secure a quality long-term asset in a key growth location must inspect this compelling Kaitaia investment opportunity to truly understand the outstanding value represented here.