This realistically priced property is priced to sell! Enquire for the lease details or simply by dividing the price by the floor area, you will recognise true value at $1,335 per sqm. Positioned within Kaikohe’s established commercial and government precinct, this property is situated next door to the Far North District Council Headquarters and within close proximity to the Kaikohe District Court. Kaikohe is the principal government and administrative centre for the Far North, while it’s strategic position provides a link between the Bay of Islands, Hokianga and the wider Northland region.
Kaikohe is identified as an important Northland growth centre, with ongoing and planned infrastructure investment, including upgrades to water and wastewater networks that are expected to support further residential development.
The property is tenanted by the Ministry of Social Development (crown entity), providing a secure investment with a quality, government tenancy. This 2,023m² Freehold property includes a well-maintained, large single storey office building with an impressive 1,086m² (approx.) floor area, configured as multiple offices, internal courtyard and amenities. This property also includes secure carparking for the tenant’s exclusive use, and great on street carparking for visitors. This address has exceptional visibility and strong exposure to passing traffic along Memorial Avenue, a tightly held location within one of Northland’s strategic growth centres. Surrounded by popular businesses like New World and The Warehouse, this property is guaranteed excellent visibility and high traffic flow.
With limited commercial opportunities in this prime Kaikohe location, this freehold investment property presents strong fundamentals, a quality tenant and excellent long-term value. Whether you are expanding your property portfolio, or seeking a strategic Commercial investment, this is an opportunity you won’t want to miss!
KEY FEATURES:
• Established government tenant: Ministry of Social Development
• Freehold land area: 2,023m²
• Well-maintained building with a substantial 1,086m² lettable floor area
• New roof installed in 2024
• Secure carparking
• Excellent profile and exposure to traffic
• Surrounded by prominent businesses
For Sale
$1,450,000 + GST (if any)
Enquire for more information or to view, contact us now!
See this listing on Barfoot & Thompson
