Bank-backed income with guaranteed growth
• Freehold 478sqm CBD site with 438sqm building (67% NBS)
• 6-year lease to Harvey Furnishings from Sept 2025
• Net income $121,419.48 pa + GST with 2.5% annual growth
• Nine-month bank guarantee in place
Positioned in the heart of Whangārei's CBD, 9 Rathbone Street presents a freehold investment in a proven retail precinct. The property occupies a high-exposure location between established national brands, benefiting from strong pedestrian flow and consistent retail demand.
The 438sqm single-level building sits on a 478sqm freehold site and has been strengthened to 67% NBS, providing confidence in the underlying asset. The new six-year lease to national retailer Harvey Furnishings, supported by fixed annual rental increases and a nine-month bank guarantee, delivers secure, predictable income from day one.
With long-term income, fixed growth and a premium CBD position, this is a hands-off investment suited to private investors seeking resilient regional exposure.
• 6-year lease to Harvey Furnishings from Sept 2025
• Net income $121,419.48 pa + GST with 2.5% annual growth
• Nine-month bank guarantee in place
Positioned in the heart of Whangārei's CBD, 9 Rathbone Street presents a freehold investment in a proven retail precinct. The property occupies a high-exposure location between established national brands, benefiting from strong pedestrian flow and consistent retail demand.
The 438sqm single-level building sits on a 478sqm freehold site and has been strengthened to 67% NBS, providing confidence in the underlying asset. The new six-year lease to national retailer Harvey Furnishings, supported by fixed annual rental increases and a nine-month bank guarantee, delivers secure, predictable income from day one.
With long-term income, fixed growth and a premium CBD position, this is a hands-off investment suited to private investors seeking resilient regional exposure.
Key features
Floor area details
438 sqm building on a 478sqm freehold site
Occupancy
6-year lease to national tenant Harvey Furnishings (from Sept 2025)
Growth
Fixed 2.5% annual rental increases
