


Listing Description
Bank-backed income with guaranteed growth
9 Rathbone Street, Whangarei, Northland
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Agency reference | 1054852 |
Description
- Freehold 478sqm CBD site with 438sqm building (67% NBS)
- 6-year lease to Harvey Furnishings from Sept 2025
- Net income $121,419.48 pa + GST with 2.5% annual growth
- Nine-month bank guarantee in place
Positioned in the heart of Whangarei’s CBD, 9 Rathbone Street presents a freehold investment in a proven retail precinct. The property occupies a high-exposure location between established national brands, benefiting from strong pedestrian flow and consistent retail demand.
The 438sqm single-level building sits on a 478sqm freehold site and has been strengthened to 67% NBS, providing confidence in the underlying asset. The new six-year lease to national retailer Harvey Furnishings, supported by fixed annual rental increases and a nine-month bank guarantee, delivers secure, predictable income from day one. With long-term income, fixed growth and a premium CBD position, this is a hands-off investment suited to private investors seeking resilient regional exposure.
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