Rārangi Hou
•177sqm (more or less) land area
•76sqm (approximately) building area
•Leased to The Laundry Room
•Fee Simple (Freehold) tenure
•Annual net income of $16,758 +GST and OPEX
•Suit entry level or first-time investor
Location is the key to this well-presented single level commercial building comprising an open plan retail premises that occupies a prime position in the heart of the busy Katikati town centre.
Leased to long established self-service laundromat business The Laundry Room, provides strong tenant tenure given their past 8 year trading history in these premises. Further rights of renewal extend potential occupancy out to 2043. Katikati is one of several North Island locations The Laundry Room operate from.
The site has excellent profile to State Highway 2 and exposure to huge daily traffic volumes passing through the town centre. Neighbours include a mix of food, retail and office tenants including national real estate companies Raine and Horne plus Harcourts.
The property provides an affordable commercial opportunity for an entry level or existing investor to secure a desirable position within the tightly held mural town of Katikati for a long-term hold.