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Wairau Valley

A/15 Porana Road, Wairau Valley, North Shore

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470sqm Floor area
8 Offstreet

Private Treaty

(unless sold prior)

Feel the vibe


On offer is this quality investment property in a popular location. This property has not been on the market since 1997 but the time has now come for the trust to divest its assets.

Since February 2018, a successful coffee roaster and attached cafe has called this location home. Leased until the 1st of February 2029 with three further rights of three years taking them up to 1st of February 2038 if all rights of renewal are taken.

With a current rental income of $107,000pa + GST, this investment opportunity promises not only stability but also a healthy return on investment. Whether you're a seasoned investor or a newcomer to the market, this opportunity offers the perfect blend of history, stability, and potential for growth.

Key features include:
• Road front industrial building
• Tenant established since 2018
• First time on the market in 27 years
• Annual rental return of $107,000pa + GST and outgoings
• A-grade seismic rating

Don't let this rare opportunity slip through your fingers.

For Sale by Deadline Private Treaty
(unless sold prior)

29 Northcroft Street, Takapuna, Auckland

14

Mar

Time4pm
Calander
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Ranjan Unka

Ranjan Unka

Director - Commercial

Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Trevor Duffin

Trevor Duffin

Commercial and Industrial Sales and Leasing

Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Exposure


Prime road frontage to popular Porana Road

Floor area details


470sqm (approximately) over one level

Seismic (NBS rating)


A recent initial evaluation procedure was completed which concluded that the property has an A-grade seismic risk.

Location


Well located near many drawcard businesses