• Multi tenanted offers split risk
• Corner site with good frontage
• Comprising two buildings and yard
1 Wharf Road, situated on a prime corner site, offers a multi-tenanted property with a split risk profile, consisting of two buildings: the original structure, with a long-standing tenant, and a modern commercial unit divided into three separate tenancies, along with a secure yard tenancy. This 835sqm (more or less) site provides significant frontage for its tenants and ample on-street parking.
Although the property is residentially zoned, it is currently utilised for commercial purposes, offering multiple options for future development. The vendor is not GST registered, meaning the property will be sold on a GST-inclusive basis, adding an additional advantage for potential buyers.
The individual tenancies reduce the risk of total vacancy, providing security for the new owner. Recent lease negotiations have introduced extensions and rent increases, presenting an upside for the future owner. "Tenanted in Tairua" is the opportunity for savvy investors to take the reins and capitalise on a prime location, GST advantage, and potential for growth.
Call now to schedule a time to view.
