Prime CBD retail investment opportunity


122 Broadway, Kaikohe

Tender

Download Email
Prime CBD retail investment opportunity | 122 Broadway, Kaikohe | 1051095 |      X Close
Image
Description

Prime CBD retail investment opportunity


Positioned in the centre of town on the main retail strip, this commercial property is currently occupied by ANZ who will remain in the premises and enter into an initial three year lease with the new owner, including; 2% annual rent increases (with reviews to market on ROR), and four three-year renewals.

Positioned in the centre of the province of Northland, Kaikohe is the central shopping and service town for much of the Bay of Islands area, providing a wide variety of national retailers and specialty stores. Surrounded by farm and forestry, Kaikohe is also referred as the "Hub of The North", with many nearby tourist attractions and travel activities.

Property Details

Land Area:873m²

Floor Area:260m²

Car Parks:Eight car parks at rear

Name of Tenant:ANZ Bank New Zealand

Term of Lease:Three(3) years

Rights of Renewal:Four(4) x Three(3) years

Net Rental:$29,448 pa + GST

122 Broadway, Kaikohe

Open in map