Prime CBD retail investment opportunity
122, Broadway, Kaikohe, Far North
- Proposed Usage
- Floor Area
- 260.00 m²
- Land Area
- 873.00 m²
- Property ID
Positioned in the centre of town on the main retail strip, this commercial property is currently occupied by ANZ who will remain in the premises and enter into an initial three year lease with the new owner, including; 2% annual rent increases (with reviews to market on ROR), and four three-year renewals.
Positioned in the centre of the province of Northland, Kaikohe is the central shopping and service town for much of the Bay of Islands area, providing a wide variety of national retailers and specialty stores. Surrounded by farm and forestry, Kaikohe is also referred as the "Hub of The North", with many nearby tourist attractions and travel activities.
Car Parks:Six car parks at rear
Name of Tenant:ANZ Bank New Zealand
Term of Lease:Three(3) years
Rights of Renewal:Four(4) x Three(3) years
Net Rental:$29,448 pa + GST