Supersized investment opportunity


17 Pyne Street, Whakatane

Asking Price NZD $3,875,000 + GST (if any)

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Supersized investment opportunity | 17 Pyne Street, Whakatane | 2572348 |      X Close
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Supersized investment opportunity


Concordia House is a multi-tenanted, well appointed office space in a prime location within the heart of a very buoyant city and region. The building spans over three levels with a massive floor area of 1930sqm (more or less). Offering multiple airconditioned tenant spaces with 23 onsite carparks and an abundance of surrounding carparking.

Built in 1987 for the government and upgraded over years, making this a strikingly appealing opportunity for investors. The property is currently under management to help make your investment hassle free and offers a solid rental income stream with six tenancies currently in place.

Not often does a quality building such as this come to the open market, quite simply a standout investment not to be missed!

Features include:

- Central business district location in a brilliantly exposed building

- Multiple incomes being generated by way of six tenancies

- Current annual net income circa $209,979 +GST

- Excellent onsite and offsite car parking

- Preferred Central Business District location

Location:

17 Pyne Street is centrally located, a short stroll to the main retail shopping street of The Strand.

The Eastern Bay of Plenty regions popularity is attributed to lifestyle factors such as superb climate and some of the highest sunshine hours in New Zealand whilst Opotiki is a thriving popular holiday and tourist destination over the summer season.

Larissa Reid

Whakatane

Licensed under the REA Act 2008

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Rhys Mischefski

Whakatane

Licensed under the REA Act 2008

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17 Pyne Street, Whakatane

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Larissa Reid

Whakatane

Licensed under the REA Act 2008

View profile

Rhys Mischefski

Whakatane

Licensed under the REA Act 2008

View profile