A rare and versatile commercial offering with this beautifully maintained 1920s waterfront building, boasting approximately 310sqm of regular-shaped floor area. Set in one of Whakatane's most high-profile locations, this iconic property is ideally positioned for maximum visibility and foot traffic, in the bustling heart of the central business precinct.
Currently configured and operating as a successful Bar and Gaming Lounge, the premises exude character with timeless features such as polished timber floorboards and soaring high ceilings, offering an inviting and comfortable atmosphere for patrons. The open-plan layout provides flexibility for future reconfiguration or continued hospitality use.
Strategically located with convenient rear lane access and abundant parking, the property ensures ease of access for both staff and clientele. The site also benefits from excellent exposure to both foot and vehicular traffic, making it an ideal location to capitalise on visibility and accessibility.
The property is held under a ground lease to the Whakatane District Council, featuring a 14-year term with perpetual rights of renewal, providing long-term security and flexibility for investors.
Key Features:
* Approximately 310sqm of ground floor area (more or less) currently operating as a fully equipped Bar and Gaming Lounge
* Beautifully restored 1920s character building with polished timber floors and high stud ceilings
* High-profile, central location within Whakatane's CBD, with exceptional foot traffic
* Rear lane pedestrian access and plentiful surrounding parking options
* Net rental income of $95,000 + GST and outgoings per annum
* Secure ground lease to Whakatane District Council with 14-year perpetual rights of renewal
Whether you're an investor looking for a high-yield opportunity or a business owner seeking a prime hospitality or retail space, this property offers exceptional versatility, location, and long-term potential.
