Grand scale investment opportunity


249 The Strand, Whakatane

By Negotiation

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Grand scale investment opportunity | 249 The Strand, Whakatane | 2572849 |      X Close
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Grand scale investment opportunity


An outstanding opportunity to purchase a prime high-profile site in the heart of the Central Business District, with five strong tenancies in place and plentiful on-site parking. This is a premium investment, offering a secure, hassle-free passive income in a high-growth location.

Immaculately presented, the property being originally built in 1971 with further enhancements and refurbishment over the years. With significant traffic flows providing a clear advantage to the property, this property must be considered by astute investors. An excellent investment opportunity to own a substantial asset in regional New Zealand.

Currently leased to five tenants on various lease terms. Tenants include Smiths City, Furniture Zone, Robert Harris, Repco and Focus Chartered Accountants. Ground lease to Whakatane District Council on perpetual rights of renewal.

A proven passive performer with an impressive annual net income, this split-risk asset must appeal to discerning investors seeking an attractive yield!

Larissa Reid

Whakatane

Licensed under the REA Act 2008

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249 The Strand, Whakatane

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Larissa Reid

Whakatane

Licensed under the REA Act 2008

View profile