7-9 Raihara Street, Kaikohe

For Sale $395,000Plus GST (if any)

1185m² Land Area

MULTI-TENANTED INVESTMENT

This multi-tenanted property currently generates a net rental income of $32,760 + Outgoings + GST per annum, making it an attractive choice for Investors. The front building is a 3-bedroom, 1-bathroom house currently utilized as commercial office space, featuring a large concrete yard at the front. The 234m² (approx.) rear building is tenanted by Petersen Motors, and includes a newly installed roof, three roller doors, upgraded LED lighting and 3-phase power, along with a large concrete yard. Zoned Commercial by the Far North District Council, this property offers excellent flexibility for future development options.

This 1,185m² Freehold property offers outstanding exposure and accessibility being located near the Kaikohe CBD and major highways (State Highway 12 and State Highway 15). Set among prominent neighbouring businesses such as PGG Wrightson, Reclaim Fitness and Gas & Tyre, this high-profile property enjoys excellent road frontage and consistent traffic exposure.

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