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Kaikohe

39 Station Road, Kaikohe, Far North

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7,199sqm Land area SQM
3,381sqm Floor area

Tenanted Investment Opportunity


Located at 39 Station Road, Kaikohe, this property offers a compelling investment opportunity with a robust commercial space currently housing The Warehouse, and Mid North Pregnancy Choice, providing a national branded split risk asset for prospective investors. Serving as The Warehouse's home since 2003, this property stands as a cornerstone in the community, benefitting from a longstanding and reliable tenancy that has generated a stable income stream for +21 years. Strategically positioned at the heart of Kaikohe's commercial hub, alongside Countdown and McDonald's, this property enjoys a central location attracting substantial foot traffic. Currently producing a net income of $340,000 per annum, acquiring a retail property at this price point solidifies the investment's appeal. This rare opportunity allows investors to capitalize on the stability and broad appeal associated with a leading retail chain within an affordable investment framework.'

The prime location, reliable tenancies, and dual occupancy make this property an enticing addition to any portfolio. As we introduce this opportunity to the market, investors are encouraged to explore the potential within its strategic position, established tenancies, and diverse income streams. Situated in Northland, a region with untapped economic potential, natural resources, and a strategic location, this investment aligns with the area's growth trajectory. Ongoing infrastructure development, increased tourism, and a thriving agriculture sector present an exciting chance to capitalize on the economic upswing by adding this superb investment to your portfolio.

For Sale by Negotiation
Lia Pauley

Lia Pauley

Residential Sales

Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Ben Clare

Ben Clare

Director - Commercial

Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Location


Located in the heart of Kaikohe

Occupancy


Large building occupied by the Warehouse since January 2003

Opportunity


Passive investment providing attractive yield

Floor area details


Freehold title of over 7,199sqm (more or less)

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