Surf into your new investment SOLD

43 Commerce Street, Kaitaia SOLD
Situated in the heart of Kaitaia this approximately 481 square metre retail space on a 762 square metre section (more or less) is ready for a new owner.
Divided into two tenancies, an area of approximately 311 square metres including a mezzanine floor of approximately 92 square metres is nicely fitted out as a surf shop (with coffee bar) that has been in residence for approximately 33 years. This Tenant has approximately six years left on their lease. Additional retail space next door of approximately 170 square metres is available for immediate lease or redevelopment to suit a new tenant. Both buildings are secure with shutter roller doors at front and rear.
The rear of the property with its own courtyard and carparks, backs onto a council carpark that is soon to be redeveloped into a new central hub/open space for Kaitaia, meaning space like this will soon be at a premium.
With indicative returns circa 8% once fully let, this is a good opportunity for an astute investor.
Tenders close 4pm Wednesday 18th August 2021 (unless sold prior) Highest or any tender not necessarily accepted. Sold plus GST (if any).
Call Sean Stratton on (0204)111 2307 for an appointment to view.