Sold
61/63 Clyde Street,
Whangarei Central, Whangarei District
NZD 1,260,000
Property details
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Agents
Ray White Whangarei: Goode Leith Realty Limited Licensed (REAA 2008)
131 Port Road, Whangarei Whangarei District 0110
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Central Tenanted Investment
Tidy central investment with a long standing tenant.
Returning $56,258 per annum, and with CPI at the end of 2022 when a right of renewal also falls due. There are four further rights of renewal taking the lease through to December 2037, with market rent reviews at each renewal.
A mix of showroom, workshop, mezzanine offices and covered carparks, this 1960's concrete block workshop with a building score in the order of 70% NBS, is a versatile building that is well suited to its current tenant, and others if need be.
This property has excellent access, with roller door & covered parking access to Clyde Street, and roller door access to the service lane at the rear.
The building is in a very tidy condition, with a new roof installed in 2018 and recent external paint of the front & rear facades.
Investment highlights:
• Long standing tenant
• Returning $56,258 per annum
• CPI rent review at the end of this year - providing immediate growth
• Market rent reviews every 3 years
• Excellent location
• Adaptable building
• NBS score in the order of 70%
Please note: My Vaccine Pass verification is not required to view this property.
For sale by Auction, 5:00 pm Wednesday 6 April (unless sold prior).
Our auctions are conducted online only. Register to bid and/or watch the auction live with GAVL (click 'follow listing' to be notified when the auction goes live). https://x5u9a.app.goo.gl/dYNm
Returning $56,258 per annum, and with CPI at the end of 2022 when a right of renewal also falls due. There are four further rights of renewal taking the lease through to December 2037, with market rent reviews at each renewal.
A mix of showroom, workshop, mezzanine offices and covered carparks, this 1960's concrete block workshop with a building score in the order of 70% NBS, is a versatile building that is well suited to its current tenant, and others if need be.
This property has excellent access, with roller door & covered parking access to Clyde Street, and roller door access to the service lane at the rear.
The building is in a very tidy condition, with a new roof installed in 2018 and recent external paint of the front & rear facades.
Investment highlights:
• Long standing tenant
• Returning $56,258 per annum
• CPI rent review at the end of this year - providing immediate growth
• Market rent reviews every 3 years
• Excellent location
• Adaptable building
• NBS score in the order of 70%
Please note: My Vaccine Pass verification is not required to view this property.
For sale by Auction, 5:00 pm Wednesday 6 April (unless sold prior).
Our auctions are conducted online only. Register to bid and/or watch the auction live with GAVL (click 'follow listing' to be notified when the auction goes live). https://x5u9a.app.goo.gl/dYNm
Explore the area
School catchments
- Renew School Composite Years 1-15 State integrated 0.64km
- Te Kāpehu Whetū Composite Years 1-15 State 0.65km
- Morningside School Primary Years 1-6 State 0.75km
- Whangarei Intermediate Intermediate Years 7-8 State 0.84km
- Whangarei School Primary Years 1-6 State 1.2km
- Whangārei Boys' High School Secondary Years 9-15 State 1.4km
- Hora Hora School (Te Mai) Primary Years 1-6 State 1.6km
- Whangārei Girls' High School Secondary Years 9-15 State 1.7km
- Manaia View School Full primary Years 1-8 State 2.7km
- St Francis Xavier Catholic School (Whangarei) Primary Years 1-6 State integrated 2.9km
- Whau Valley School Primary Years 1-6 State 3.2km
- Te Kura O Otangarei Full primary Years 1-8 State 3.7km
- Whangarei Adventist Christian School Full primary Years 1-8 State integrated 3.8km
- Pompallier Catholic College Secondary Years 7-15 State integrated 4.7km
- Tikipunga Primary School Primary Years 1-6 State 4.7km
- Te Kamo Intermediate School Intermediate Years 7-8 State 4.7km
- Maunu School Primary Years 1-6 State 4.9km
- Tikipunga High School Secondary Years 7-15 State 5.0km
- Te Kamo High School Secondary Years 9-15 State 5.2km
- Onerahi School Primary Years 1-6 State 5.2km
- TKKM o Te Rawhiti Roa Composite Years 1-15 State 5.7km
- Excellere College Composite Years 1-15 State integrated 6.9km
- Huanui College Secondary Years 7-15 Private 7.5km
- Tauraroa Area School Composite Years 1-15 State 18.7km
- Bream Bay College Secondary Years 7-15 State 20.4km
- Mangakahia Area School Composite Years 1-15 State 23.9km
- Otamatea Christian School Composite Years 1-15 Private 42.5km
- Otamatea High School Secondary Years 7-15 State 43.5km
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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Contact John Haselden
Contact John Haselden
John Haselden
61/63 Clyde Street, Whangarei Central 0110
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John Haselden
61/63 Clyde Street, Whangarei Central 0110