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Bayleys Whangarei - Mackys Real Estate, (Licensed: REAA 2008)

9 Rathbone Street, Whangarei

Deadline sale by 15 Apr

Listing Description

Listed: Thu, 19 Mar

Bank-backed income with guaranteed growth

9 Rathbone Street, Whangarei, Northland

Details

  •   438m² Floor
  •   478m² Land
AttributeValue
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.


Property Files

Nigel Ingham

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Bayleys Whangarei - Mackys Real Estate, (Licensed: REAA 2008)

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