Prime Corner, Modern Building, Fully Tenanted

2, Puketapu Road, Taradale, Napier

$2,635,000

Proposed Usage
Office
Floor Area
697.00 m²
Land Area
417.00 m²
Description:
Property ID
1c61p73



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.

Enquire about this property

Taradale Area