Sold
130-136 Commerce Street,
Kaitaia, Far North District
NZD 700,000
Property details
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Agents
Ray White Kaitaia: Far North Circle Real Estate Limited Licensed REAA 2008
123 Commerce Street, Kaitaia Far North District 0410
MULTIPLE TENANTED INVESTMENT
What an opportunity here! This is the first time this property has been taken to the market in 47 years. It has represented such a valuable and constant asset to the vendor over the years, but now reluctantly it is to be sold.
The 528 square metre (approx.) building is situated on an 814 square metre (more or less) freehold title, and consists of 5 well established tenancies currently fully leased, returning approximately a combined $62,500 per annum net rental.
The tenancies consist of a Foodmart, 3 popular food outlets plus a first-floor office area. Located on the main street of Kaitaia, the property captures daily foot traffic and is well patronized by the locals, and the tourist population as they travel through the main street on their way North.
Special Features:
*5 established tenancies, currently fully leased
*Freehold title of 814 square metres (more or less)
*Returning approx. $62,500 per annum net.
*Split your risk through the multiple tenancies
*Onsite parking at the rear of the property
This property is worth looking into to add to any investment portfolio. Please phone Glenda West, Ray White Commercial - Far North Circle Real Estate Limited, 021591231 for more information and a property pack.
Explore the area
School catchments
- Pompallier Catholic School Full primary Years 1-8 State integrated 0.28km
- Kaitaia School Primary Years 1-6 State 0.81km
- Kaitaia College Secondary Years 9-15 State 1.0km
- Kaitaia Intermediate Intermediate Years 7-8 State 1.1km
- TKKM o Pukemiro Composite Years 1-15 State 1.2km
- TKKM o Tūtūtarakihi Full primary Years 1-8 State 2.9km
- Oturu School Full primary Years 1-8 State 3.0km
- Te Rangi Aniwaniwa Composite Years 1-15 State 5.4km
- Pukepoto School Primary Years 1-6 State 6.8km
- Awanui School Primary Years 1-6 State 8.2km
- Pamapuria School Full primary Years 1-8 State 8.4km
- Tumanako Christian College Composite Years 1-15 Private 10.3km
- Paparore School Primary Years 1-6 State 10.9km
- Kaingaroa School (Kaitaia) Full primary Years 1-8 State 11.6km
- Ahipara School Full primary Years 1-8 State 11.9km
- Herekino School Full primary Years 1-8 State 17.4km
- Te Rito - Te Kura Taiao Composite Years 1-15 Charter 19.8km
- Broadwood Area School Composite Years 1-15 State 20.4km
- Taipa Area School Composite Years 1-15 State 22.6km
- Te Kura Taumata o Panguru Composite Years 1-15 State 31.7km
- Te Kura o Mātihetihe Composite Years 1-15 State 36.0km
- Te Kura Kaupapa Māori o Hokianga Composite Years 1-15 State 42.1km
- Ngataki School Composite Years 1-10 State 45.5km
- Opononi Area School Composite Years 1-15 State 47.6km
- Whangaroa College Secondary Years 7-15 State 47.7km
- Okaihau College Secondary Years 7-15 State 51.3km
- Te Kura o Te Kao Composite Years 1-15 State 57.7km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
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