Whangarei Central, Whangarei District, Northland, 1 Apirana Ave WR39894

Astute investors will want to take note, as this low-maintenance passive investment opportunity ticks all the boxes! Constructed in 2020, this purpose-built office development accommodates the Ministry of Social Development (MSD) and Oranga Tamariki (OT) in two separate but adjoining buildings. - Crown Tenancy returning $482,744 approx. per annum plus GST & Outgoings - Leaser term of nine years from July 2020, with three further rights of renewal of three years each - Professional commercial space plus undercover and open carparking - A-grade seismic rating - Extensive council owned and maintained car park situated opposite - Full Information Memorandum available Situated on a high-profile site on Sloane Street in Te Awamutu, this property is on one of Te Awamutu\'s busiest route south. The property with good access from Sloane Street also has a secure carpark area. Neighbours include Countdown, KFC, Burgerfuel, Pita Pit, Rosetown Print, McDonalds, Merchants Liquor and St John\'s to mention a few.

On offer is one of Whangarei\'s most prominent corner sites. Two freehold titles make up 110-112 Bank Street. Towering over the roundabout where the arterial routes of Bank and Dent Streets meet, this tidy property offers ample exposure. The main building overlooks Laurie Hall Park, Farmers department store and most of the downtown Whangarei. The direct area includes restaurants, Rabobank, Court House, chartered accountants, and law-firms all within 100 meters. The property boasts a main two story building, a smaller road-front tenancy and 13 much desired off-street carparks. The road-front tenancy has been tenanted by London Barber for over a decade. With a footprint of approx. 261 m2 and a total floor area of approx 490 m2, the main building houses 4 well established tenants leaving no tenancy vacant. The tenants include; The Perpetual Guardian Trust, The Property Group, Arcline Architecture, BECA engineering and The London Barber Shop. With BECA moving to a larger space later this year, a new lease is already in place for AEC NZ leaving no losses for the new owner. All carparks are leased by tenants of the property. The two titles of approx. 405 m2 and approx. 407 m2 each, bring the total land area of the property to 812 m2. The property is constructed from precast panels and steel portal framing. A detailed seismic assessment from March 2020 indicates the property achieves a seismic score of 100% NBS. Secure this solid investment at auction on 9 September at 12.00 (unless sold prior) Are you viewing this on our NAIHarcourts page? Please find the documents available for download below. Not viewing this on NAI Harcourts? Copy and paste the link below into your browser to access the documents at the bottom of our listing page: https://nai.harcourts.net/nz/office/whangarei/listing/wr42553-110-112-bank-street-whangarei-central-northland-0110

Situated in the mixed-use zoning (MUZ) of Bank Street, this property has potential as both a renovation and redevelopment. The property is approx. 1329 m2 freehold on the corner of Bank Street and Apirana Ave and is located next to MacDonalds. Other nearby businesses include: Rothbury's, orthodontists, Pizza Hut, solicitors, KFC, HRV Northland and the Fire Station. The building consists mainly of a 1900's villa that has served as a residential tenancy and is allowed commercial activity. The healthy homes standard for residential use are currently not met. The building covers an approx. 310 m2 and has a smaller concrete block tenancy at the rear that was built at a later stage. The land instability is classed as a 'Low Hazard' by Council and its Mixed-Use zone allows a permitted build height of 16 m above ground level. The property is for sale by Auction (unless sold prior).