Commercial
More from realestate.co.nz:
Agents News

Supersized investment opportunity

17 Pyne Street, Whakatane

Office Building
dollar

$3,875,000 Plus GST (if any)

Floor area
1609m2
Land area
1590m2
Title type
Freehold
On this page:

Map

Property details

Listing # 2572348 | Listed on 13 April 2022

Concordia House is a multi-tenanted, well appointed office space in a prime location within the heart of a very buoyant city and region. The building spans over three levels with a massive floor area of 1930sqm (more or less). Offering multiple airconditioned tenant spaces with 23 onsite carparks and an abundance of surrounding carparking.

Built in 1987 for the government and upgraded over years, making this a strikingly appealing opportunity for investors. The property is currently under management to help make your investment hassle free and offers a solid rental income stream with six tenancies currently in place.

Not often does a quality building such as this come to the open market, quite simply a standout investment not to be missed!

Features include:

  • Central business district location in a brilliantly exposed building
  • Multiple incomes being generated by way of six tenancies
  • Current annual net income circa $209,979 +GST
  • Excellent onsite and offsite car parking
  • Preferred Central Business District location

Location:

17 Pyne Street is centrally located, a short stroll to the main retail shopping street of The Strand.

The Eastern Bay of Plenty regions popularity is attributed to lifestyle factors such as superb climate and some of the highest sunshine hours in New Zealand whilst Opotiki is a thriving popular holiday and tourist destination over the summer season.

Your notes
Add notes for your personal reference. This can only be seen by you.
Contact the agent
Name  (required)
Email  (required)
Phone  (required)
I'd like to enquire about:
Your message

By continuing, you agree to our terms of use and privacy policy.

A young family with pets illustration