Exceptional investment with new 7-year leaseback
•Freehold CBD-investment opportunity returning $93,359pa + GST and outgoings
•Brand-new 7-year leaseback to national footwear brand Merchant 1948
•Prime location on Cameron Street, Whangarei's primary retail street
•Substantial premises measuring 384sqm (more or less) with first floor and basement storage
Presenting 14 Cameron Street, an exceptional investment opportunity positioned in a prime CBD location.
Comprising a freehold title measuring 218sqm (more or less) and a 384sqm (more or less) premises occupied by Merchant 1948, a well-established national brand footwear retailer.
The property presents a strong investment profile returning $93,359pa +GST and outgoings set to increase by 3% annually and benefitting from a new 7-year leaseback.
With prime frontage on Cameron Street, Whangārei's premier high street is underpinned by Commercial City Centre zoning, encouraging ground floor commercial and retail activities while supporting residential use on upper floors.
Further information available via the following link:
https://propertyfiles.co.nz/property/1053790
•Brand-new 7-year leaseback to national footwear brand Merchant 1948
•Prime location on Cameron Street, Whangarei's primary retail street
•Substantial premises measuring 384sqm (more or less) with first floor and basement storage
Presenting 14 Cameron Street, an exceptional investment opportunity positioned in a prime CBD location.
Comprising a freehold title measuring 218sqm (more or less) and a 384sqm (more or less) premises occupied by Merchant 1948, a well-established national brand footwear retailer.
The property presents a strong investment profile returning $93,359pa +GST and outgoings set to increase by 3% annually and benefitting from a new 7-year leaseback.
With prime frontage on Cameron Street, Whangārei's premier high street is underpinned by Commercial City Centre zoning, encouraging ground floor commercial and retail activities while supporting residential use on upper floors.
Further information available via the following link:
https://propertyfiles.co.nz/property/1053790
Key features
Exposure
Prime road frontage
Floor area details
Measuring 348sqm (more or less) with first floor and basement storage
Lease term
Brand new seven year leaseback to National brand Merchant 1948
