Occupying the commanding corner of Marsden Road and Williams Road, directly opposite Paihia Wharf, Paihia Lanes represents one of the Bay of Islands' most significant commercial investment opportunities. Held across two freehold titles, this high-profile asset sits at the heart of Paihia's retail, hospitality and tourism precinct.
The complex comprises 14 individual tenancies ranging from approximately 10sqm to 258sqm, creating a diverse income profile across a mix of established retail, hospitality and tourism-focused businesses. This broad tenancy mix provides investors with enhanced income stability and reduced exposure to individual tenant turnover.
Generating annual rental income of $793,232 plus GST, 100% of operating expenses recovered from tenants and a WALE of approximately five years, the property offers an attractive combination of immediate cash flow and long-term income security.
Positioned opposite the town's principal tourism gateway, the property benefits from exceptional pedestrian exposure, strong trading fundamentals and a prominent waterfront presence. Thousands of visitors pass through the wharf precinct each year, reinforcing the location's status as one of Northland's premier commercial destinations.
Ownership is straightforward, whether self-managed or professionally managed, with management costs recoverable through operating expenses.
Investment opportunities of this scale and profile are seldom available in Paihia. Combining two freehold titles, substantial holding income and one of the region's best-known commercial locations, Paihia Lanes offers investors the chance to secure a flagship asset in the centre of New Zealand's premier tourism market.
This property is seriously for sale presenting a rare opportunity to acquire a landmark waterfront commercial holding in the heart of Paihia. Offered for sale as a combined holding by Deadline Private Treaty, the vendor will also consider expressions of interest for the individual freehold titles.
Contact Megan McGregor on 027 346 4194 to arrange a viewing or discuss this opportunity.
Features:
* Returning a net income of $793,232 pa
* Strong rental growth provisions
* Heart of Paihia's food, beverage and tourism precinct
* Available separately or together
* Net lettable area of 1,010 sqm
* WALE of 5 years
* Two freehold titles totalling 1,124 sqm
* 100% OPEX recovery including management fees
* Strong occupation history
* 14 retail, hospitality and tourism focused tenancies
* Tenancy sizes from 10 - 258 sqm
* Prime waterfront location opposite Paihia Wharf
