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Listing Description
Listed: Thu, 8 Feb
Prime regional investment opportunity
39 Station Road, Kaikohe, Far North, Northland
Price by negotiation
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Agency reference | 1003766 |
Description
Secure your stake in a high-performing retail asset with The Warehouse locked in as anchor tenant until 31 July 2032, plus three rights of renewal extending potential tenure to 2041.
Key Highlights:
- Established Tenant: The Warehouse has occupied the site since 2003, delivering over 21 years of stable income.
- Strong Net Income: $351,600 p.a. + GST – includes $329,600 from The Warehouse and $22,000 from Mid North Pregnancy Choice.
- Recent Upgrades: Tenant-funded improvements include repainting, upgraded emergency lighting, and auto door systems and the Vendor has recently invested over $420,000 into the building to replace the main HVAC system and upgrade the building with energy-efficient LED lighting throughout.
- Prime Location: Positioned in Kaikohe’s commercial hub alongside Woolworths and McDonald's, with excellent visibility and foot traffic.
- Ample Parking: A large, well-maintained car park enhances accessibility for shoppers.
This is a proven, income-generating asset. Contact Bayleys Agent Gary Lucas or Daniel Sloper if you have any questions or would like to arrange a viewing.
Due diligence material is available for download from propertyfiles.co.nz/1054559
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