NAI Harcourts is pleased to present 386-390 Kamo Road, Kamo to the market for sale by way of auction.
386-390 Kamo Road offers a high exposure corner site investment in the thriving Whangarei suburb of Kamo, and is fully tenanted. The property offers two long-serving tenants at this premise. Both tenancies were taken up in 1992 and have remained there ever since, having built up a strong customer base and business in Kamo.
The Bin Inn grocery store, who is also an essential service provider and has renewed their lease for a further term.
The Hook Inn is a local favourite for fish & chips and has just varied its lease to include further rights of renewal. The total net income from these tenants is $69,642+gst p.a.
Situated on approx. 524 sqm on the corner of Kamo Road and Wakelin Street, the property has everything that a thriving main-street investment needs: On-street parking out front, high exposure, verandah over the pedestrian path, private parking at the rear, and tonnes of shop frontage.
The building is constructed of concrete blocks with brick and cedar cladding and covers approx. 346 sqm.
Leasing security at this location is high. There are rarely vacancies on the Kamo Main Street, and those that do come to the market lease quickly.
Properties in the Kamo retail strip are tightly held for this reason. This is your opportunity to secure your own.
Contact us today!
