Prime CBD retail investment opportunity

122, Broadway, Kaikohe, Far North

By Negotiation

Proposed Usage
Industrial
Floor Area
260.00 m²
Land Area
873.00 m²
Description:
Property ID
1c2pynd

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.

Property Details
Land Area:873m2
Floor Area:260m2
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

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Kaikohe Area