Commercial Investment on Commerce Street

This exceptional commercial investment opportunity in Whakatane offers a combination of stability, prime location, and strong financial returns. The property, which includes land and buildings only, is perfectly situated on Commerce Street - in one of the most desirable commercial areas in town.

What truly sets this investment apart is its blue-chip government tenant - Department of Corrections. With a prime location and a long-term lease in place, it’s a rare chance to secure a highly sought-after asset in a thriving commercial area.

Key Features:

• Land and buildings only

• Situated in a prime commercial area in Whakatane

• Freehold land (Fee Simple)

• Blue-chip government tenant: Her Majesty the Queen (Dept. of Corrections)

• Long-term lease

• Net income of $174,515.00 per annum plus GST

• Asking price: $2,700,000 plus GST (if any)

• Net yield of 6.46%

With its strategic location, reliable income, and the backing of a blue-chip government tenant, this property offers a rare opportunity in Whakatane's commercial real estate market.

It’s an exceptional offering with a reliable tenant, providing consistent returns and peace of mind for the discerning investor. With a net income of over $170,000 per annum, and a solid lease agreement with a government entity, it represents a sound and secure investment in one of Whakatane’s most coveted commercial zones.

Whether you're expanding an existing portfolio or making your first significant commercial investment, this asset delivers both immediate returns and long-term growth potential. Don't miss the chance to secure such a valuable and well-positioned property.

Contact Stuart Lougher for more information about viewings, or for copies of documentation for this property.