• Split-risk provincial investment asset
• Strong corporate tenants/lease covenants
• Solid income earner/superb cashflow
The principal property comprises a four-level commercial office complex known as the Commerce Plaza that provides quality office accommodation and has an A grade seismic rating. Situated on a large freehold title, the building occupies a high-profile corner site on a major thoroughfare into the Whakatane CBD.
The majority of tenant carparking is provided on the additional Pyne Street site opposite the office complex, which comprises a fully sealed uncovered yard area with thirty allocated parking bays.
Professionally managed by Focus On Property, the premises are currently fully leased and include corporate tenants Te Whata Ora - Health NZ, Horizon Energy Distribution Limited and Todd Management Services Limited.
A proven passive performer with a substantial annual net income, this split-risk asset must appeal to discerning investors seeking an attractive provincial yield!
