Whakatāne
194-196 The Strand, Whakatāne, Whakatāne
+14
Prime investment in the heart of Whakatane CBD
An exceptional opportunity to secure a high-performing, split-risk commercial investment in one of New Zealand's fastest-growing regional centres.
Strategically positioned in the vibrant Whakatane Central Business District, this multi-tenanted property benefits from high visibility and strong vehicle and foot traffic, making it a magnet for local shoppers and business alike.
Currently tenanted by:
* Pattersons Boutique - a bright and stylish women's fashion retailer with a loyal clientele
* Fancy Nails & Beauty - a popular beauty salon offering a full range of services
Both tenants are on varying lease terms, generating a reliable net rental income of $55,650 +GST per annum. The diversified income stream and proven tenant performance provide investors with peace of mind and long-term stability.
Additional Highlights:
* Split-risk investment with two established tenants
* Ground lease in place with Whakatane District Council - 14-year perpetual rights of renewal
* Located in the sunshine capital of New Zealand, with strong local economic and population growth
* A motivated vendor means an opportunity to secure an affordable, high-yield asset
Whether you're looking to start or grow your investment portfolio, this property presents the ideal balance of location, stability, and growth potential.
Act quickly - opportunities like this in the heart of Whakatane don't last long!
Larissa Reid
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Occupancy
Two well established tenants with a strong leases in place
Lease
Net annual rental $55,650 +GST
Seismic (NBS rating)
68% to new build standards
Zoning
Zoned Commercial Retail
Location
Situated in the heart of the Whakatane Central Business District
Opportunity
An excellent opportunity for first-time investors or those looking to expand their existing investment portfolio
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