Offering several appealing features for potential investors. A large street frontage, which can be advantageous for attracting customers and increasing visibility. Additionally, the property is fully leased, ensuring a strong rental continuity. The attractive 8% return on investment adds to its appeal. The presence of a service lane at the rear, allows for easy access, convenient for tenants and customers alike.
The prime location of the property, coupled with its potential for further development or improvement, makes it a worthwhile investment. Properties with such qualities are in high demand and are seldom available on the market.
Situated on a main feeder road with a high level of traffic flow, offering significant exposure to potential customers. This prominent location can benefit businesses operating on the premises.
The net rental income is $68,590 +GST per annum, and it is generated by long-standing established tenants, indicating a stable and reliable source of income.
The property has a new ground lease agreement with the Whakatane District Council, providing 14-year perpetual rights of renewal. This long-term lease arrangement can provide stability and security for the property owner.
Whakatane has been experiencing excellent growth in terms of investment and development within the district. This growth indicates a favorable market for investors. Whether you are a first-time investor or looking to expand your existing portfolio, 6 Peace Street presents a fantastic opportunity.
In summary, 6 Peace Street in Whakatane presents an attractive investment opportunity due to its favorable location, strong rental continuity, and growth potential in the district. The property's features, coupled with the motivated sellers, make it a property worth considering for both first-time investors and those looking to expand their portfolio.