28-36 Boon Street, Whakatane, Bay of Plenty

28-36 Boon Street, Whakatane, Bay of Plenty Split-risk, multi-tenanted investment

The property located at 28-36 Boon Street in Whakatane, presents an outstanding long-term investment opportunity. Situated in the heart of the Whakatane Central Business District, the address enjoys high volumes of vehicle and pedestrian traffic, making it an attractive location for businesses. The property features eight accessible onsite car parks along the rear service lane.

A split-risk, multi-tenanted property comprising a mix of retail and office tenants, providing diversification in terms of rental income.

The net rental income generated from the property is $55,185 +GST per annum. This steady income stream, combined with the prime location and long-term lease agreements, makes this investment opportunity highly desirable. NBS Rating 40%. Ground lease to Whakatane District Council on 14-year perpetual rights of renewal.

Given the vendor's motivation to sell, this property represents an excellent opportunity for first-time investors or those looking to expand their existing investment portfolio. To secure this sought-after investment, taking advantage of the growth potential in Whakatane, acting promptly would be wise.