130-136 Commerce Street
Kaitaia, Far North District
Kaitaia, Far North District
Auction 15/04/2025 (unless sold prior)
MULTIPLE TENANTED INVESTMENT
Proudly presented by Ray White - Far North Circle Real Estate Limited, 130-136 Commerce Street, Kaitaia is to be sold by way of auction on Tuesday 15th April 2025 12.00PM (if not sold prior).
What an opportunity here! This is the first time this property has been taken to the market in 47 years. It has represented such a valuable and constant asset to the vendor over the years, but now reluctantly it is to be sold.
The 528 square metre (approx.) building is situated on an 814 square metre (more or less) freehold title, and consists of 5 well established tenancies currently fully leased, returning approximately a combined $62,500 per annum net rental.
The tenancies consist of a Foodmart, 3 popular food outlets plus a first-floor office area. Located on the main street of Kaitaia, the property captures daily foot traffic and is well patronized by the locals, and the tourist population as they travel through the main street on their way North.
Special Features:
*5 established tenancies, currently fully leased
*Freehold title of 814 square metres (more or less)
*Returning approx. $62,500 per annum net.
*Split your risk through the multiple tenancies
*Onsite parking at the rear of the property
This property is worth looking into to add to any investment portfolio. Please phone Glenda West, Ray White Commercial - Far North Circle Real Estate Limited, 021591231 for more information and a property pack.
What an opportunity here! This is the first time this property has been taken to the market in 47 years. It has represented such a valuable and constant asset to the vendor over the years, but now reluctantly it is to be sold.
The 528 square metre (approx.) building is situated on an 814 square metre (more or less) freehold title, and consists of 5 well established tenancies currently fully leased, returning approximately a combined $62,500 per annum net rental.
The tenancies consist of a Foodmart, 3 popular food outlets plus a first-floor office area. Located on the main street of Kaitaia, the property captures daily foot traffic and is well patronized by the locals, and the tourist population as they travel through the main street on their way North.
Special Features:
*5 established tenancies, currently fully leased
*Freehold title of 814 square metres (more or less)
*Returning approx. $62,500 per annum net.
*Split your risk through the multiple tenancies
*Onsite parking at the rear of the property
This property is worth looking into to add to any investment portfolio. Please phone Glenda West, Ray White Commercial - Far North Circle Real Estate Limited, 021591231 for more information and a property pack.
Property Features
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