Expect A Generous Yield!

156, The Strand, Whakatane, Whakatane

Auction

Proposed Usage
Development Site
Floor Area
590.00 m²
Description:
Property ID
1bzmsj8

Asking price plus GST (if any).
- Leasehold land with perpetual renewals
- Split risk investment with three tenancies
- Strategic profile site in Whakatane CBD
- Annual net rental $68,000 + GST and outgoings
- Proven provincial income earner

This property comprises a leasehold site that is subject to a lease from the Whakatane District Council for 14 year terms in perpetuity.

All improvements are owned by the Lessee which consist of a two level commercial building with two ground floor retail tenancies and first floor offices.

Centrally situated at 156 The Strand, the site is within a prime retail area that enjoys high pedestrian traffic and is a very desirable locality within the Whakatane CBD.

You will be pleasantly surprised by the character and presentation of this building together with the generous yield it may well return!

Enquire about this property

Whakatane Area