Motivated Vendor says sell it!

SOLD - This listing was sold in May 2017
Upstairs is vacant and even renting at $5000pa numbers suggest this could possibly be over an 11% return in total.
Ground floor being approximately 202m² is occupied as office space by well known, long time tenant, earning $13,500pa plus GST and outgoings.
Top floor being approximately 178m² gives options for multi office use, or possible conversion to living space with council approval. Huge potential to create something new with the space available. Clifford Street is ideally located close to the central shopping area in Kaikohe and the Twin Coast Cycle Trail is bringing business to the area so bring your ideas and jump at 2 Clifford St!

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Main Property Features

Listing Number: KK24884

Approx Floor Area:
380 sqm
Land Size:
202 sqm
Property Type:
Office
Approx Floor Area
  • Office Square Metres: 380
Commercial information
  • Zone: 8A
Tenure:
Fee Simple
Tenancy:
Additional Details: First floor of the building is vacant. Rates - $2755.63 Insurance - $2025.00
Tenancy 1:
Area Sqm: 202, Commencement Date: 01 January 2017, Expiry Date: 31 December 2017, Rental net/gross p.a.: 13500 + GST + Outgoings, Review Dates: Yearly, Rights of Renewal: Yearly, Tenant Name: Whitelaw Weber Ltd, Term (years): 1
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Licensed REAA 2008

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Harcourts Kerikeri

Bay of Islands Realty Ltd

Licensed REAA 2008

74 Kerikeri Rd
Kerikeri
Office website or View office details

Property Location