Cnr Bank Street and Vine Street, Whangarei Central, Whangarei

Trophy Investment Opportunity in the CBD

Take advantage of this opportunity to acquire a trophy asset, perfectly positioned on the corner of Bank Street and Vine Street, ensuring maximum exposure.

Key Investment Highlights:
•Total Rent: $178,220 split across six tenancies
•Commercial Tenancies: $94,500 pa from a bank and a bar/restaurant on the ground floor
•Residential Tenancies: $83,720 pa from four first-floor apartments, all healthy homes compliant
•Freehold Site: 402sqm in a high-profile location
•Split Risk: Diversified income from two commercial and four residential tenants
•Seismic Rating: 75% NBS (Grade B) - providing peace of mind for both you, your bank and the tenants

This property is an ideal investment for those seeking a stable and diverse income stream.

Contact the sole agents:
Nigel Ingham 021-562 919 | nigel.ingham@bayleys.co.nz
Daniel Sloper 021-022 10339 | daniel.sloper@bayley.co.nz

For sale by Deadline Private Treaty closing 4pm, Thursday 24 October 2024 (unless sold prior).