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This exciting investment opportunity is now on the market. Designed and built for the NZ Police by former Ministry of Works, the solid construction achieves a seismic rating greater than 67% NBS.
Fronting both Cameron and Clyde Street affords this property a double frontage. The site is a freehold title of 2,852m² with 1,780m² of building and 21 onsite carparks in central Whangarei.
There are six tenancies giving a net return of $230,000 and a full recovery of all outgoings. The premises are in very good order with much of it having been upgraded for the current tenants, including the old cells which are now used for accommodation.
The Zoning is mixed use giving this property real flexibility for the future. Don't miss this opportunity.
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