Better Than Bank Returns Here!

108, Church Street, Opotiki, Opotiki

Auction

Proposed Usage
Development Site
Floor Area
330.00 m²
Description:
Property ID
1bz86kn

Asking price plus GST (if any).
- National tenant ANZ Bank
- A Grade seismic rating / 100% NBS
- Profile position in town centre
- Prominent CBD building / smart presentation
- Annual net rental $48,685 + GST pa
- Entry level / affordable investor value range

The property comprises a high stud, open plan retail banking premises which includes a mezzanine level with staff amenities and storage. Situated in the heart of the Opotiki CBD, the site is adjacent to a walkway leading to a large public car park area at the rear.

Tenanted by the local branch of the ANZ Bank since being constructed in 1985, the building has an A Grade seismic rating and boasts an impressive full width glazed street frontage. ANZ has had a long tenure in the premises with rights of renewal through to July 2023 and is one of four major banks trading in Opotiki.

Here is an entry level and affordable commercial opportunity to consider that may well return better than bank rates and a generous provincial yield!

Enquire about this property

Opotiki Area