Commercial
More from realestate.co.nz:
Agents News

Low Risk Opportunity

58 Bank Street, Whangarei Central

Industrial Buildings
dollar

Negotiation

Floor area
40m2
On this page:

Map

Property details

Listing # WR38234 | Listed on 13 April 2022

Very rarely does such an exceptional opportunity arise with such a low risk factor. On offer here are 11 various residential apartments, currently leased by Quest hotel for another 9 years with 2 x 5 years renewals.

This opportunity is a no brainer with current bank deposit rates so low, you can lock and leave your money in an investment with a solid guaranteed return of at least 4.7%. These apartments cannot be lived in or accessed by the owner as Quest Hotel holds the leases.

Available for sale are;

8 x Studio Units - asking $195,000 plus GST

1 x Exec Studio - asking $212,500 plus GST

2 x 2 Bed units - asking $400,000 plus GST

A detailed information memorandum is available on request.

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