14-16 Commerce Street, Kaitaia, Far North

Prominently located at the entrance to Kaitaia's main commercial street, this property offers great visual presence as you approach the township and houses two well-known and patronised tenancies, Age Concern and Happy Bowl. This is a great opportunity for any investor!The land area is divided into 3 titles, of a combined 1,043 sq m (more or less) and a building size of approx. 330 sq m over both tenancies with a significant street frontage to Kaitaia's main thoroughfare of 18 m (approx.). The current rental for the building, including both tenancies, is a combined $43,478 per annum plus GST and outgoings.There is ample parking/yard space at the rear of the property which is used by the tenants themselves. Public parking is available adjacent to the property in a Council car park, plus ample public parking outside the tenancies on Commerce Street.The building, being a mostly concrete structure, was re-roofed approximately 10 years ago. This property is an ideal investment for first-time investors, or for an investor wishing to add to an existing portfolio.The vendors have made the hard decision to sell, making the most of this investment property for many years and are ready to pass the mantle on to a new owner.