106 Kennedy Road, Marewa, Napier City

Freehold, multi-tenanted investment Net income of $101,400 + GST per annum Prime corner location in busy suburban shopping precinct Strengthened to 80% NBS (2014) Positioned in the heart of the popular Marewa Shopping Centre, this corner profile property presents a compelling opportunity to secure a freehold, multi-tenanted commercial investment underpinned by resilient occupiers and diversified income streams. Anchored by Marewa Pharmacy, a long-standing and trusted pharmacy providing essential community services, alongside Achievement NZ, an established adult education provider, the property currently generates a net income of $101,400 + GST per annum. A small vacancy offers additional income potential. A very busy suburban shopping on an arterial road with low vacancy, this attractive investment adjoins a newly refurbished medical centre ensuring long term tenant sustainability. This smart portfolio addition isn’t something to look over. Contact us for more information or to arrange a private viewing.