1A Lee Street, Whitianga, Thames-Coromandel

National Brand Tenants, Retail/Commercial in Town

Seldom do investment properties of this calibre become available in Whitianga. Constructed in 2002 approximately. The property offers a wide road frontage retail and purpose built cinema complex. Total building floor area is approximately 952sqm, with common driveway around building and vehicle parking in the rear yard. Rent reviews are due mid-2016 and rental growth is expected.

This prime modern well-presented commercial/retail building has multiple tenancy (three tenants) and is centrally located being adjacent to public car park. There is good potential for rental growth. Current rental $123,780.80 p.a. plus GST plus operating expenses.