An unparalleled investment opportunity anchored by the trusted national tenant, Mitre 10, with secure lease tenure supported by generous rights of renewal extending through to 2050. This is more than a passive holding, a proven, income-producing asset underpinned by a strong covenant and long-term stability.
Occupying a substantial freehold landholding on a high-profile corner site, the property commands exceptional exposure. Positioned on McAlister Street, adjacent to New World, it benefits from significant vehicle and foot traffic, reinforcing its position within a key retail hub and ensuring ongoing customer engagement.
The purpose-built improvements have been designed to meet the operational requirements of a national retailer, providing efficiency and functionality.
• High-profile freehold corner land holding set over two separate titles
• Fully leased to national tenant 'Mitre 10' with an annual net rental of $219,239 +GST
• Located on the fringe of the central business district
• Opportunity to purchase the neighbouring freehold commercial parcel of 1,466sqm (more or less)
A tightly held asset of this calibre presents a rare opportunity, offering a compelling combination of secure income, prime location and future growth potential within an established commercial precinct.
To be sold by Auction - 10:30am, Tuesday, 28 July 2026 (unless sold prior) at The Comm, 45 The Strand, Whakatane.
