• National tenant BNZ Bank
• Long established tenancy
• A Grade seismic rating / 80% NBS
• Annual net rental $62,500 + GST
• Land area 465sqm (more or less)
• Net lettable floor area 689sqm (approx.)
This property comprises a sizeable commercial building located on a prominent and profile site in the heart of the Tokoroa CBD that is tenanted by the BNZ. Bridge Street is a busy main thoroughfare through the town centre and the site enjoys strong pedestrian traffic on this side of the street.
BNZ Bank, which is a subsidiary of the National Australia Bank Group of companies, have had a long established trading history in the premises which were purpose built for them in the 1960s and since has been seismically strengthened to an A grade rating.
The bank has recently renewed for another three year term with one further three year right of renewal / rent review remaining from 15 October 2025. The current annual net rental is $62,500 + GST and 100% outgoings.
This is an affordable provincial investment that will provide a more competitive return than current bank rates and an income you can most certainly bank on from the BNZ!
