Prime Corner, Modern Building, Fully Tenanted
2, Puketapu Road, Taradale, Napier
- Proposed Usage
- Floor Area
- 697.00 m²
- Land Area
- 417.00 m²
- Property ID
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2 Puketapu Road is a standout investment opportunity featuring fully leased, multi-tenanted, modern buildings located on a prime corner site. Anchored by a 10 year lease to Tremains Real Estate, the property has an annual net rental of approx. $153,532 from its diverse rental stream with 5 quality tenants.
The strength of the location is evidenced by the presence of ANZ Bank and McDonalds Restaurant on the opposite corners. Both sites are trumped by 2 Puketapu Road, which faces North and East and gets all-day natural light.
Generous rental rates provide future upside to this passive investment opportunity, with several leases notably under-rented. A tight supply of office space through the upper-class suburb of Taradale will continue to apply pressure to the markets rental rates.