39 Station Road, Kaikohe, Far North

Prime investment property with national tenant

This prime investment property in Kaikohe is the ideal investment opportunity, with the recently revised lease terms securing The Warehouse until 31 July 2032. A further three Rights of Renewal of 3 years each provide tenure through to the final expiry date of 31 July 2041.

Key Highlights:

• The Warehouse has been a reliable tenant since 2003, contributing to a stable income stream for over 21 years.
• Net Income of $351,600 per Annum: This includes a combined rental of $329,600 from The Warehouse and $22,000 from the Mid North Pregnancy Choice tenant.
• The Warehouse has invested in building upgrades, including repainting, emergency light system enhancements, and auto door controls, ensuring the property is well-maintained.
• Situated in the heart of Kaikohe's commercial hub, neighbouring key retailers like Woolworths and McDonald's, the property benefits from high visibility and foot traffic.

Boasting a large, well maintained car park, this property adds a layer of accessibility crucial in the competitive retail landscape catering to the needs of shoppers. Investors are invited to explore the potential within its rich history, prime location, and reliable tenancy.

39 Station is more than a property; it's an investment opportunity that aligns with the prosperity of Northland's growing dynamic business landscape.