Invest with a long term lease

92, Commerce Street, Kaitaia, Far North

$990,000

Proposed Usage
Industrial
Floor Area
500.00 m²
Description:
Property ID
1c3r07v

Located in the center of Kaitaia's retail strip, this multi-use property is sure to be a high cash flow investment. The property comprises two levels, with the bakehouse shop below and a residential apartment above, in which The Bakehouse tenant occupies both on a long-term commercial lease. Situated on Commerce Street right in the centre of Kaitaia this approx. 500m² space is an investment to hold. The Bakehouse Cafe, is a strong tenant with stores nationwide (independently owned) that invest significantly in kitchen equipment for the building they occupy.

The ground floor is a large retail area with a full commercial kitchen/bakery, bathrooms, store area and office. The store area leads into a small courtyard with car parking at the back of the shop. The upper level is accessed through a separate entry from Commerce Street which leads to the living accommodation, consisting of five bedrooms, four modern bathrooms, laundry room and a large open plan contemporary kitchen/dining/lounge area.

• Total Land Area: 468m²
• Gross Lettable Floor Area: 500m²
• Long term lease with attractive set rent increases

Enquire with your commercial specialists for more information and to view

Enquire about this property

Kaitaia Area