Whakatāne
8-14 Richardson Street, Whakatāne, Whakatāne
+33
Motivated sale - Invest, occupy or add value
Presenting a premium opportunity to secure a strategically positioned commercial asset in the heart of Whakatane's thriving CBD. Occupying a prominent high-profile corner site, this substantial two-level building comprises approximately 743sqm and delivers immediate income with significant upside potential.
With an extremely motivated Vendor committed to achieving a result, purchasers are encouraged to act quickly and explore the value on offer.
The property is currently multi-tenanted, with two established occupiers generating immediate cash flow from 333sqm, while a further 410sqm remains vacant and ready for lease or owner occupation. This flexible configuration provides a secure holding income alongside a genuine opportunity to add value and materially increase returns. Current passing income sits at $61,260 +GST per annum, with clear scope for uplift through further leasing activity.
Positioned within a tightly held commercial precinct, the property benefits from excellent visibility, consistent pedestrian flow and surrounding established businesses. Dual access from both the street frontage and rear service area enhances functionality for tenants, while ample nearby parking adds convenience for customers and staff alike.
The property is situated on leasehold land with perpetual rights of renewal through the Whakatane District Council, providing long-term security and ongoing viability for investors seeking an affordable CBD investment.
Key features include:
• Multi-tenanted split-risk investment
• High-profile corner position with exceptional exposure
• Returning $61,260 + GST per annum with substantial rental upside
• 410sqm vacant space offering leasing or owner-occupier potential
• Highly motivated Vendor seeking a result
Opportunities with this level of upside, exposure and flexibility are becoming increasingly difficult to secure in Whakatane's CBD. Contact us today to arrange your inspection.
Larissa Reid
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Add value
Offering a current passing income of $61,260 +GST, with strong potential to double returns by leasing the remaining vacant space
Occupancy
With two well-established tenants already in place occupying 333sqm, this property also offers a further 410sqm of versatile space available for lease or owner occupation
Parking
Abundant on-street parking is complemented by a public car park located directly across the road, providing excellent convenience for staff and clients
Location
A high-profile corner site, superbly positioned in the heart of Whakatāne’s bustling CBD
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