• Split-risk provincial investment asset
• Strong corporate tenants/lease covenants
• Solid income earner/superb cashflow
The principal property comprises a four-level commercial office complex known as the Commerce Plaza that provides quality office accommodation and has an A grade seismic rating. Situated on a large freehold title, the building occupies a high-profile corner site on a major thoroughfare into the Whakatane CBD.
The majority of tenant carparking is provided on the additional Pyne Street site opposite the office complex, which comprises a fully sealed uncovered yard area with thirty allocated parking bays.
Professionally managed by Focus On Property, the premises are currently fully leased and include corporate tenants Bay of Plenty District Health Board, Horizon Energy Distribution Limited and Todd Management Services Limited.
A proven passive performer with an impressive annual net income, this split-risk asset must appeal to discerning investors seeking an attractive provincial yield!