Whangārei Central
Cnr Bank Street and Vine Street, Whangārei Central, Whangārei
Watchlist
Share
+15
Asking $1.88M = 8.5% Return
A mixed-use, split-risk CBD investment on a high-profile corner site, offering a solid income return.
Key details
1.Split risk across six tenancies
2.Two commercial tenants (bank & bar/restaurant): $94,500 net p.a.
3.Four residential apartments: $85,280 gross p.a.
4.Total net rent: $159,564 p.a.
5.402sqm freehold CBD corner site
6.Approx. 820sqm building area
7.Seismic rating: 75% NBS
Asking Price: $1,880,000 + GST (if any)
Settlement: On or before 15 January 2026
Nigel Ingham 021 562 919 | nigel.ingham@bayleys.co.nz
Daniel Sloper 021 022 10339 | daniel.sloper@bayleys.co.nz
James Were 021 740 032 | james.were@bayleys.co.nz
Asking Price NZ$1,880,000 + GST (if any)
Nigel Ingham
Director - Commercial
Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Daniel Sloper
Commercial Sales and Leasing
Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
James Were
Commercial, Development and Investment Sales
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Lease
Approximately $159,564 p.a. total rent split across 2 commercial tenancies and 4 residential tenants
Exposure
Freehold site 402sqm in a high-profile location
Seismic (NBS rating)
75% NBS (Grade B) – providing peace of mind for both you, your bank and the tenants
