Sizeable 811sqm (more or less) site on main arterial
Substantial 822sqm (approximately) two level building
Leased to four established retail tenants on various terms
Sought after northern position within Katikati town centre
Passing income of $101,301 plus GST & 100% outgoings
Affordable and proven passive provincial investment asset
Prominently positioned on Katikati's primary retail strip opposite one of the towns busiest intersections, 6 Main Road presents an affordable freehold opportunity in a tightly held precinct. This well-presented property comprises a substantial two-level building with retail on street level, basement storage and a large rear carpark accessed via Kotahi Lane.
Fully leased, this split risk investment consists of four established tenancies on various lease terms providing a diversified rental income stream and future add value potential from a sizeable, under-utilised basement storage area at the rear.
Strategically located on State Highway 2, the property benefits from exceptional exposure to consistent daily traffic flows traveling through this Bay of Plenty corridor. Katikati continues to experience steady growth underpinned by its role as a key service centre between Tauranga and Waihi.
Surrounded by a range of hospitality, service and retail offerings, this well supported commercial environment enhances foot traffic and reinforces the property's appeal as a pivotal acquisition within a vibrant provincial township!
Call one of the Bayleys Sole agents today for more information or to inspect the property.
