3 Wedgewood Street, Katikati, Western Bay Of Plenty

Split risk industrial asset

- 1,284sqm (more or less) land area
- 733sqm (approximately) building area
- Tenants include 2 industrial and 1 residential
- Annual Net Income of $72,751 + GST and OPEX
- Strong rural / horticultural service centre location

This well presented property provides an affordable opportunity to purchase a split risk industrial investment with three tenancies that is being offered to the market after some twenty years of partner ownership.

Two long established tenants include Gateway Joinery who have occupied their workshop premises since 2005 and the residential flat tenant has rented since 2013. Western Bay Air Conditioning are a new tenant having commenced their workshop lease in August 2024.

Improvements comprise two adjoining industrial workshops with associated offices and amenities together with a one bedroom residential flat. This level site is fully developed with concrete yard areas and part security fencing.

Surrounded by local industrial service businesses, this low maintenance property boasts a 56 metre high profile frontage to Wedgewood Street and is just minutes from State Highway 2 which is the major thoroughfare through the Katikati township.

Situated in the tightly held southern Katikati industrial precinct where location and ease of access is paramount, this is a proven provincial income earner that must appeal to savvy investors looking for long term value and performance.

For more information or to arrange an inspection, contact Team Bradley today.