Asking $1.88M = 8.5% Return
A mixed-use, split-risk CBD investment on a high-profile corner site, offering a solid income return.
Key details
1.Split risk across six tenancies
2.Two commercial tenants (bank & bar/restaurant): $94,500 net p.a.
3.Four residential apartments: $85,280 gross p.a.
4.Total net rent: $159,564 p.a.
5.402sqm freehold CBD corner site
6.Approx. 820sqm building area
7.Seismic rating: 75% NBS
Asking Price: $1,880,000 + GST (if any)
Settlement: On or before 15 January 2026
Nigel Ingham 021 562 919 | nigel.ingham@bayleys.co.nz
Daniel Sloper 021 022 10339 | daniel.sloper@bayleys.co.nz
James Were 021 740 032 | james.were@bayleys.co.nz
Key details
1.Split risk across six tenancies
2.Two commercial tenants (bank & bar/restaurant): $94,500 net p.a.
3.Four residential apartments: $85,280 gross p.a.
4.Total net rent: $159,564 p.a.
5.402sqm freehold CBD corner site
6.Approx. 820sqm building area
7.Seismic rating: 75% NBS
Asking Price: $1,880,000 + GST (if any)
Settlement: On or before 15 January 2026
Nigel Ingham 021 562 919 | nigel.ingham@bayleys.co.nz
Daniel Sloper 021 022 10339 | daniel.sloper@bayleys.co.nz
James Were 021 740 032 | james.were@bayleys.co.nz
Key features
Exposure
Freehold site 402sqm in a high-profile location
Lease
Approximately $159,564 p.a. total rent split across 2 commercial tenancies and 4 residential tenants
Prime frontage
Perfectly positioned on the corner of Bank Street and Vine Street, ensuring maximum exposure
