Westport - You Can Bank On This

Price $430,000 plus GST (if any)
Location 143 Palmerston Street, Westport
Type Commercial & Industrial Commercial Land
Floors 1
Listing No # WEC69427
Listed 23/07/2019
Views 3


A great little earner! - We all know your money earns little interest in the Bank, well why not take an interest in the bank yourself and earn some real income. Currently returning around 8% plus outgoings, this centrally located Westpac Branch offers a steady rate of return for the Landlord. A wonderful character two story period building complete with heritage status, situated in the middle of Westports CBD. Protected by relative isolation from the nearest branch, this bank services a broadly located rural customer base and maintains a long held history of providing a full range of banking services to the people of the Buller. The exterior decor is maintained by the bank, as is the interior fit out leaving you to look after the structural integrity and it already surpasses the required %NBS. Apart from the odd weatherboard and window-sill to replace it is a low time-invested operation, so suitable to an owner based anywhere. Westport is pumping again on the back of the recovered coking coal industry which as an essential part of steel manufacturing, so not under threat like other fossil fuels. Jump on board and become the proud owner of one of the towns finest buildings while letting your money grow in the bank. Call the agent now to set up a viewing.

Contact our agent

Charlie Elley

P: 03 789 8777
M: 027 662 2723

Property Brokers Limited (Licensed: REAA 2008) - Westport

RealEstate Agents contact details and original listing on www.realestate.co.nz -