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Retail

87 Walton Street Whangarei Central, Whangarei District

Sold for $1,900,000 on 23 Aug 2022
  • Building: 989m²
  • Land: 1,143m²
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Retail in Whangarei Central

Investment Property with Profile

  • Building: 989m²
  • Land: 1,143m²

A sizable Walton Street investment premises.

With frontage onto 2 roads, 8 car parks and being a stone's throw from the town basin and the new Hudertwasser Art Centre, this is a future proofed investment.

Tenanted by the New North Asian Supermarket and returning $95,000 plus GST per annum, this investment will provide rental growth in the coming years.

The building is strengthened and has an Initial Earthquake Assessment score of 67%.

Investment highlights:

  • Returning $95,000 plus GST per annum
  • Market rent reviews on renewal being Jan 2024 & Jan 2027
  • Two street frontages
  • 8 carparks
  • Sought after location close to the Hundertwasser Art Centre & Town Basin Tourist Hub.

For further information contact John on 0272 808 980 or Megan on 027 346 4194.

Property ID:

WHC31803

Building:

989m²

Land:

1,143m² / 0.28 acres

Zone:

City Centre

Tenancy:

Vacant

87 Walton Street, Whangarei Central, Whangarei District