Whangarei Central - FOR SALE – CAFÉ INVESTMENT

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Location Unit 6/58 Bank Street, Whangarei Central
Type Retail Property
Floor Area 135 m2
Land m2
Listing No # 4016881
Listed 6/12/2023
Views 58

Description

Superbly located within a multi-level corner property is the well-known and recognised Quest Hotel with the popular Nap Cafe on the ground floor. The property unit comprises of a modern cafe and bakery situated on a busy corner intersection with extensive frontage and profile to passing traffic and pedestrians. The stratum in freehold title contains a floor area of 161m² and currently has a Council capital value of $900,000.

The modern Nap Cafe premises are leased to two tenants and has a total annual income of $42,000 plus GST and outgoings. The tenant Nap Café commenced their lease on 1st September 2022 for a first term of 2 years with two further terms of rights or renewal. The annual rental is $38,000 plus GST and outgoings. Tenant J. Chen is leasing a storage area on a monthly annual rental of $4,000 plus GST and outgoings.

Please contact the listing agent for more information.

KEY FEATURES:

  • High profile corner site location
  • Modern new cafe premises and well-established business
  • Secure commercial leases returning a total of 42,000 per year plus GST

Contact our agent

Ross Blomfield

M: 027 43 7 7033
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Barfoot & Thompson Ltd (Licensed: REAA 2008) - Whangarei

66 Cameron Street
Whangarei/13182 , 0110
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RealEstate Agents contact details and original listing on www.realestate.co.nz - Listed 6/12/2023

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