Bank as tenant investment opportunity

109-111, Broadway, Kaikohe, Far North

Auction

Proposed Usage
Industrial
Description:
Property ID
1c1knzm

- High profile corner site
- Freehold standalone commercial building
- Land area 459sqm (approx.), floor area 230sqm
- Well-established tenant since 1992
- IEP rating 67% NBS
- Add value investment opportunity

Well-positioned on the corner of Broadway and Dickeson Street at Kaikohe, this standalone commercial property is an add value investment opportunity. Occupied by established bank tenant since 1992, returning net annual income of $33,000 + GST with six (6) years right of renewal to 2028.

Strategically positioned in the centre of the province of Northland, Kaikohe is the central shopping and service town for general Bay of Islands area, providing a wide variety of national retailers and specialty stores. Kaikohe is also referred as the "Hub of The North", with many tourist attractions and travel activities.

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Kaikohe Area