Four separate tenancies, freehold title, and a price point below replacement value, this multi-tenanted industrial property at 48 Marshall Place, Katikati presents a compelling entry-level investment opportunity with genuine upside.
Returning a potential net rental of $101,500 + GST and outgoings, the property offers affordable, sustainable income across four different sized tenancies with room to grow rental rates over time. The low maintenance nature of the asset makes it well suited to investors seeking a straightforward addition to their portfolio without the complexity of body corporate obligations.
A vacant front tenancy provides the opportunity to add further value, whether through leasing to a new tenant or owner occupier use. Situated close to Katikati's town centre, the property benefits from convenient access and good local amenity. With freehold security, multi-tenant diversity, and a purchase price that reflects strong value in the current market, we urge purchasers to act.
Priced at $1,649,000 + GST (if any), this represents an accessible entry into the Bay of Plenty industrial market.
Features:
• Floor area: 900m² (approx.)
• Land area: 1465m²
• Four separate tenancies
• Net rental of $101,500 + GST and outgoings, including rental allowance for T1
• Freehold title, no body corporate
• Vacant front tenancy offering add value potential
• Low-maintenance investment asset
• Partial owner occupier opportunity
• Close to Katikati town centre
For Sale by Asking Price of $1,649,000 + GST (if any)
