248 The Strand, Whakatane, Whakatane

Big box retail

Presenting a promising long-term investment opportunity. Situated in the heart of the Whakatane Central Business District, the address enjoys high volumes of vehicle and pedestrian traffic, making it an attractive location for businesses. The property features four accessible onsite car parks along the rear service lane.

Currently, the property is occupied by Katmandu on strong lease terms. Additionally, the property has a ground lease with the Whakatane District Council, on a 14-year perpetual right of renewal.

The net rental income generated from the property is $40,569 +GST per annum. This steady income stream, combined with the prime location and long-term lease agreements, makes this investment opportunity highly desirable.

Whakatane is known as the sunshine capital of New Zealand and has been experiencing excellent growth, with significant investment and development in the district. This growth contributes to the overall appeal and potential of the investment.

Given the vendor's motivation to sell, this property represents an excellent opportunity for first-time investors or those looking to expand their existing investment portfolio.

To secure this sought-after investment, taking advantage of the growth potential in Whakatane, acting promptly would be wise.