NAI Harcourts are proud to bring to the market 168 Bank Street. An entry-level, high-exposure commercial investment with a long-standing anchor tenant.
The property offers a two-storey building on a 167 sqm (more or less) section with private vehicle parking at the rear, and is located opposite MacDonalds and Whangarei Primary School and a short stroll from the New World and Woolworth supermarkets.
The ground floor is home to the Bank Street Barber and has operated here since 2013. The tenant here has just extended the lease with further rights of renewal until 2047, and currently pays a net rent of $16,270+gst p.a.
The first-floor apartment is currently occupied by the vendor, who will move out upon the sale of the property or can stay on as a temporary residential tenant. This provides opportunity to live here yourself or to rent the apartment out. Which gives the total property income range of $39,150 to $40,710.
The rear of the property is accessible via the right-of-way and provides for approx. 4 highly-desired off-street car parks.
The property comes complete with a LIM report and a recent seismic assessment, which have been made available for interested parties.
Contact Paul and Steve today for more information and viewings.
Deadline Sale 5 August 2026 at 11.00 (unless sold prior)
