• Long-term government lease to the Ministry of Education, returning gross income $162,588.91 p.a. + GST (includes Opex), with renewal options extending to 2037, providing stable and secure rental income backed by a reliable tenant.

• Modern, purpose-built office constructed in 2019.

• Located on a prominent corner site in Kaitaia, enhancing the property's appeal to high-quality tenants.

• Rental growth through CPI and market rent reviews, ensuring strong future returns for investors..

• Strategically located city centre commercially zoned site.

This landmark modern, purpose-built building occupies a high-profile position in the heart of Kaitaia, which is currently experiencing continued investment in the town and infrastructure.

This contemporary business space comprises a substantial commercial premises that was purpose-built in 2019 to provide state-of-the-art office accommodation, including both open-plan and private workspaces, complemented with places to eat and relax.

There are three partitioned office suites, plus two large board/meeting rooms with high-quality amenities and IT capability. There is a large staff communal kitchen and dining area, including a very attractive outdoor area.

Security for staff is paramount, with integrated CCTV and security systems, as well as a fenced carpark that includes 3 charging points for electric cars.

Overall, these premises reflect a shift towards collaboration and flexibility, embracing an innovative office design that promotes a dynamic and fluid environment.

Astute investors looking to secure a quality long-term asset in a key growth location must inspect this compelling Kaitaia investment opportunity to truly understand the outstanding value represented here.

Please contact the Sole Agents today for more information, or in the first instance, download files from www.propertyfiles.co.nz/property/1004398