• High profile investment opportunity leased to Tristram European Northland returning $700,397 net p.a. (as at 8 March 2026)
• Favourable rent review provisions including fixed annual 2% increases and market on renewal
• Substantial underutilized fee simple landholding measuring 1.2ha (more or less) with only 22% site coverage
• Purpose-built car dealership facility with showroom and servicing workshop with Total Lettable Area of 2,763sqm (more or less) plus show-yard
• Underpinned by Commercial zoning and strategically located nearby large format retail providing long-term redevelopment potential
Introducing 52 Port Road, a rare investment opportunity tenanted by well established national car dealership Tristram European Northland, part of the Tristram Motor Group, now available for sale by Deadline Private Treaty (unless sold prior).
This freehold property is fully tenanted returning $700,397 net p.a. and underpinned by guaranteed annual rental growth of 2% with a six-year initial lease term.
Measuring 1.22ha (more or less) and comprising a purpose-built 2,763sqm car dealership facility which includes a dedicated showroom and adjoining servicing workshop.
The premises is future-proofed with 319 roof-attached solar panels subsidizing the tenant's electricity cost.
Positioned strategically with over 100m of frontage to Port Road, the primary area for Whangarei’s large format retail and service businesses.
This is a rare opportunity to acquire a strategically located commercial asset with perennial rental growth and long-term development upside.
Contact the sole agents for further information.
