26 Commerce Street
Central Whangarei, Northland
Central Whangarei, Northland
SOLD
6.7% Central Multi Tenanted Investment
Returning $286,000 net per annum, and with a history of long standing tenancies, this property will appeal to those looking for a steady cash flow.
With four commercial tenants spread over six separate tenancies, and a further four residential tenancies, this is an excellent opportunity for the astute investor.
The commercial tenancies provide for a mix of retail & warehouse/workshop use, and are of a sought after size, resulting in a low vacancy trend for this property. The current rent is arguably lower than market rates, providing room for cash flow growth for the new owners.
The property itself is well located, with good road frontage, access onto Commerce Street and a right of way at the rear of the property leading to Woods Road. The site layout provides for plenty of parking and easy maneuverability.
With four commercial tenants spread over six separate tenancies, and a further four residential tenancies, this is an excellent opportunity for the astute investor.
The commercial tenancies provide for a mix of retail & warehouse/workshop use, and are of a sought after size, resulting in a low vacancy trend for this property. The current rent is arguably lower than market rates, providing room for cash flow growth for the new owners.
The property itself is well located, with good road frontage, access onto Commerce Street and a right of way at the rear of the property leading to Woods Road. The site layout provides for plenty of parking and easy maneuverability.
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