39 Station Road, Kaikohe, Far North

Prime investment property with national tenant

This prime investment property in Kaikohe is the ideal investment opportunity, with extended lease terms securing The Warehouse until 2032 and offering further rights of renewal. This extension strengthens the long-term stability of the property and increases its appeal to investors seeking security and predictable income.

Key Highlights:

• The Warehouse is secured with an 8-year term until 2032, with further renewal rights, adding significant value to the investment.
• The Warehouse has been a reliable tenant since 2003, contributing to a stable income stream for over 21 years.
• Net Income of $351,600 per Annum: This includes a combined rental of $329,600 from The Warehouse and $22,000 from the Mid North Pregnancy Choice tenant.
• The Warehouse has invested in building upgrades, including repainting, emergency light system enhancements, and auto door controls, ensuring the property is well-maintained.
• Situated in the heart of Kaikohe's commercial hub, neighbouring key retailers like Countdown and McDonald's, the property benefits from high visibility and foot traffic.
• With two tenants, including Mid North Pregnancy Choice, this property offers income diversity, reducing investment risk.

Positioned within Northland's growth trajectory, with increased tourism, infrastructure developments, and a strong agriculture sector, this property allows investors to benefit from both immediate returns and long-term regional growth potential. The combination of extended lease terms, prime location, and stable tenancies makes this an excellent addition to any investment portfolio.