Lot 3/7 Redan Road, Kaitaia, Far North, Northland

Having been recently subdivided, this commercial property is a cornerstone of stability and growth, offering an array of compelling features designed to appeal to savvy investors and developers alike.

Key Features:

• Long-term security: Anchored by a long-term lease to Northland Polytechnic (NorthTec), this property ensures a stable rental income stream. With renewals extending to 2041, it provides unmatched reliability from a major regional educational institution.

• Triple tenant advantage: In addition to NorthTec, secure leases are in place with the National Advocacy Trust and Far North Chiropractic, offering diversified rental returns.

• Development potential: Spanning over 4,600sqm of commercial-zoned bare land (proposed mixed-use zoning), site coverage is 11%, presenting exceptional potential for future development and maximising investment returns.

• Exceptional location: Situated at the prominent intersection of Commerce Street and Redan Road, this property offers unparalleled visibility and accessibility, ensuring consistent foot and vehicle traffic.

• Offering well-maintained 546sqm of buildings across 3 units, this is both a tenanted investment and an opportunity to develop central city bare land, all with superb easy access.

Why Invest in Kaitaia?

Kaitaia, a thriving service hub for the Far North District, has demonstrated consistent growth in recent years. The property's strategic location provides easy access to retail stores, schools, and essential services, making it a prime destination for government and commercial tenants. With ongoing residential and commercial development in the region, the future growth prospects of this property are exceedingly strong.

Act Now

Seize this rare chance to acquire a high-yield, low-risk commercial investment property in one of New Zealand’s key regional centres..

Property files can be downloaded from www.propertyfiles.co.nz/property/1004402

Contact Gary Lucas or Ben Clare at Bayleys Commercial today to learn more about this unparalleled opportunity and to arrange a viewing.