Whitianga
1A Lee Street, Whitianga, Thames-Coromandel
+13
Three income streams. One freehold investment.
•Three established commercial tenants
•Returning $152,280.50pa + GST and outgoings
•Long-term lease profile
•Freehold commercial investment
Positioned within Whitianga's commercial centre, 1A Lee Street delivers diversified income from three established businesses spanning the retail, entertainment and fitness sectors.
Fully leased to Whitianga Liquor Limited, MB Cinematic Limited and B Fit 2023 Limited, the property returns $ 152,280.50 pa + GST and outgoings. Three separate income streams reduce reliance on any one tenant, while a lease profile extending through to 2045 provides long-term income security.
The investment comprises a substantial 952sqm (approximately) building on a 1,286sqm (more or less) freehold site. Configured as three large-format tenancies, the layout has been purpose-designed to accommodate each occupier's operational requirements.
Combining established tenants, diversified income and a prominent position within one of the Coromandel's principal commercial centres, this is a quality regional investment offering dependable returns and straightforward ownership.
Josh Smith
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Anchor tenants
The property returns $152,280.50 per annum + GST and outgoings, with income supported by large format tenancies rather than small speciality retail.
Land area breakdown
1,286 sqm (more or less) land area.
Zoning
Zoned commercial
Location
Located in Whitianga's township, the building has been well maintained and continues to meet tenant operational requirements
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