232-234 The Strand, Whakatane, Whakatane

Strategic investment

A prime opportunity to secure this investment in the heart of Whakatane. A well presented property with a mix of tenancies in place. 232-234 The Strand is offered to the market for the first time in over thirty years. Occupying a premium position on The Strand in the heart of the Whakatane Central Business District.

The property boasts a large frontage to the busy 'Strand', is fully leased and provides an attractive cashflow. Leased to three tenants on various lease terms. Vodafone, Grandad's Fish and Chips and Zen Beauty. 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
* Four onsite carparks
* Three long term stable tenants
* Net rental $40,315 +GST and outgoings per annum

With close to a nil return on your money in the bank, this is a great opportunity to put that cash to work!

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.