118sqm
floor area
235sqm
land area
Prime frontage | Enjoys steady foot traffic year-round, particularly during peak holiday seasons, ensuring strong business activity. |
Lease | Leased to a franchisee of “Unichem Pharmacy”, a well-established national brand. |
Accessibility | This highly accessible site features rear parking and service lane access, enhancing convenience for staff and deliveries. |
Land area breakdown | 235sqm (more or less) freehold site |
A solid, income-generating investment in the heart of Whangamata's commercial centre. Located at 503 Port Road, this 235sqm (more or less) freehold site is leased to a franchisee of “Unichem Pharmacy”, a well-established national brand providing essential services to the local community.
The property forms part of a larger retail space, with internal walls partially removed to create a seamless layout. A highly accessible site, it features rear parking and service lane access, enhancing convenience for staff and deliveries. With an 83% IEP rating, the building meets strong structural standards, offering security for investors.
Currently returning $33,103.13pa +GST/OPEX, this low-maintenance, set-and-forget asset delivers reliable income with a long-term tenant in place. Whangamata's town centre enjoys steady foot traffic year-round, particularly during peak holiday seasons, ensuring strong business activity.
This is an attractive opportunity for mum-and-dad investors, portfolio builders, or those seeking stable commercial returns in a sought-after coastal location. With limited commercial supply in the area, well-leased investments like this are tightly held.
A straightforward, high-performing asset in a prime position - secure your place in Whangamata's growing commercial landscape.
For further details, get in touch today.
Licensed under the REA Act 2008
Mobile: +64 27 229 8865 |
Office: +64 7 834 3816 |
josh.smith@bayleys.co.nz |
118sqm
floor area
235sqm
land area
Prime frontage | Enjoys steady foot traffic year-round, particularly during peak holiday seasons, ensuring strong business activity. |
Lease | Leased to a franchisee of “Unichem Pharmacy”, a well-established national brand. |
Accessibility | This highly accessible site features rear parking and service lane access, enhancing convenience for staff and deliveries. |
Land area breakdown | 235sqm (more or less) freehold site |
503 Port Road, Whangamatā
Open in mapLicensed under the REA Act 2008
Mobile: +64 27 229 8865 |
Office: +64 7 834 3816 |
josh.smith@bayleys.co.nz |
Please login or register
Login / Register