Here is your chance to secure a smart, split-risk commercial investment in the heart of Whakatāne’s thriving CBD – one of New Zealand’s fastest-growing regional centres.

This dual-tenanted property enjoys a high-profile location on The Strand, with strong foot and vehicle traffic ensuring consistent exposure and tenant appeal.

There are two tenants: Pattersons Boutique – a long-standing women’s fashion retailer with a loyal local following, and Fancy Nails & Beauty – a well-patronised beauty salon offering a full range of services.

Together, these established tenants, both on varying lease terms, generate a net rental income of $55,650 + GST per annum, providing investors with a reliable,
diversified income stream.

Key investment features here include a split-risk income from two established
tenants; and a secure ground lease with Whakatane District Council (14-year perpetual rights of renewal).

The location is also second to none – prominently positioned on The Strand and with excellent visibility.

With a motivated vendor and offering outstanding value at $849,000 + GST (if any), this property offers a smart choice for investors.

Whether you are expanding your portfolio or making your first move into commercial property, this is a prime investment in a growing market.

194-196 The Strand, Whakatāne | Listed by: Bayleys | Phone  07 307 2710
Asking price S$849,000 | Viewing: By appointment
Agent: Larissa Reid 027 436 9701