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26 Albert Street, Whitianga
•508sqm (more or less) pedestrian core zone
•Multi-tenanted investment offering split risk
•Returning $104,580pa +GST and outgoings
•Vendors require a sale due to retirement
After relocating off the Coromandel Peninsula to be closer to family, our retiring vendors are offering this prime investment property in the heart of Whitianga. Situated in a highly desirable position, 26 Albert Street represents an outstanding opportunity for astute investors.
The property boasts a strong anchor tenant, Snapper Jacks, who capitalises on its prominent corner location in the Whitianga CBD. Supported by a mix of reputable tenancies, the property generates a diversified income of $104,580 pa + GST/OPEX. Tenancies are split across two levels, with retail space on the ground floor benefiting from excellent foot traffic and the upper level comprising offices and meeting rooms.
Whitianga is the fastest-growing town on the Coromandel Peninsula, attracting not only visitors but also a growing population of permanent residents. The town’s popularity has been further enhanced by the rise of flexible work-from-home arrangements, which continue to fuel demand for quality commercial spaces.
With potential for future development, 26 Albert Street offers an excellent opportunity for investors seeking a well-positioned asset with strong income and upside potential.
Full tenancy details available upon request