Property main details

Commercial

  • Sold For $1,900,000
  • Retail

Specifications

  • Property Type
    Retail
  • Building
    989 m2
  • Land
    1143 m2

Investment Property with Profile

A sizable Walton Street investment premises.

With frontage onto 2 roads, 8 car parks and being a stone's throw from the town basin and the new Hudertwasser Art Centre, this is a future proofed investment.

Tenanted by the New North Asian Supermarket and returning $95,000 plus GST per annum, this investment will provide rental growth in the coming years.

The building is strengthened and has an Initial Earthquake Assessment score of 67%.

Investment highlights:
• Returning $95,000 plus GST per annum
• Market rent reviews on renewal being Jan 2024 & Jan 2027
• Two street frontages
• 8 carparks
• Sought after location close to the Hundertwasser Art Centre & Town Basin Tourist Hub.

For further information contact John on 0272 808 980 or Megan on 027 346 4194.

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87 Walton Street Whangarei Central, Whangarei District
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