Expect A Generous Yield!
156, The Strand, Whakatane, Whakatane
- Proposed Usage
- Development Site
- Floor Area
- 590.00 m²
- Property ID
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!