A blooming good opportunity!


228-230 The Strand, Whakatane

Auction

Download Email
A blooming good opportunity! | 228-230 The Strand, Whakatane | 2572936 |      X Close
Image
Description

A blooming good opportunity!


Occupying a premium position on the Strand in the heart of the Whakatane Central Business District. Glass shopfront window display to The Strand gives great exposure to the constant vehicle and pedestrian traffic making this a wonderful long term investment opportunity. A service lane runs the rear of the property allowing for easy access.

Leased to two tenants on various lease terms. Home to Scilla Chocolates/Bouquet Floral and NZ Tech Repair Limited. Ground lease to Whakatane District Council on 14-year perpetual rights of renewal.

Whakatane has been experiencing excellent grown with investment and development in the district, 228 The Strand is a fantastic opportunity for first time investors or to add to an existing portfolio. Offered to the market with absolute motivation by our retiring vendors.

* Split risk multi tenanted retail investment

* Five onsite carparks

* Two long term stable tenants

* Net rental $38,520 +GST per annum

The opportunity to secure an investment in this tightly held and sought-after retail location is too good to miss!

Location:

Few regions in New Zealand or the world for that matter have as much to offer as the Bay of Plenty. From the gentle harbour waters to its surf beaches, its fishing and diving grounds to the scenic bush, the Bay is as much a quiet recreational playground as it is a thriving business and rural community. Key economic elements for the region include Tourism, Horticulture (predominately Kiwifruit and Avocado production), Viticulture, Pastoral farming, Forestry, Housing and Holiday Makers. The rapid growth in the area provides a vibrant living environment from job opportunities to business prospects with a sustainable future. With a mixture of beautiful scenery, great beaches, cafes, restaurants and nightspots it is a region providing the ultimate lifestyle.

Larissa Reid

Whakatane

Licensed under the REA Act 2008

View profile

228-230 The Strand, Whakatane

Open in map

Larissa Reid

Whakatane

Licensed under the REA Act 2008

View profile