Don’t miss out on a 1 in 24-year chance to acquire well-constructed multi-tenanted property situated in a prime location within the heart of the Kerikeri CBD. This centrally located property commonly referred to as the Hub Mall is ready for new ownership! This high visibility property is surrounded by quality businesses such as Briscoes, Rebel Sport, McDonalds and Community Fitness Gym. The Hub Mall is easily accessible to pedestrians with Kerikeri Road frontage and a large, shared use carpark with Briscoes, adding to the property’s desirability for businesses seeking a prime location with good parking!
This 844m² (approx.) property has a total of 11 tenancies plus a radio antenna, presenting a well diversified income stream and low risk. The anchor tenant, Northland Chartered Accountants, is a reputable local accounting firm, that occupies recently renovated first and second floor tenancy areas. The ground floor tenancies include a great mix of local retail businesses, including Haus of Brows and Scottie Dog coffee shop.
Coming up to retirement and wondering what you’ll live on after the big salary cheques stop? This client faced the same problem after retiring from 33 blissful years of international airline flying. On family’s advice, he invested his superannuation in the Kerikeri Hub Shopping Mall. Over the next 24 years income from the mall exceeded his airline salary and appreciated in value significantly. Now his grandchildren want mortgage finance, so he’s selling this jewel giving you the opportunity to acquire the fully tenanted Hub Mall and enjoy a gross income of over $219,000/year while its value increases under the proposed new town planning demanding greater intensification in town centres.
This property offers ample carparking on the right-hand side and parking at the rear of the building, ensuring hassle-free access for customers and tenants alike. Some vendor finance options may be available on suitable terms and conditions.
KEY FEATURES:
• Multi-tenanted
• Anchor tenant: Northland Chartered Accountants
• Total rental income of over $219,000 + Outgoings + GST per annum
• High visibility property
• Excellent Carparking
For Sale
$3,000,000 + GST (if any)
For more information or to view, contact us now!
See this listing on Barfoot & Thompson
