Mahere Papa
Kihini
This property, situated in a prime location with excellent street visibility and just half a block from the new DPI building, is an exceptional investment opportunity with a reliable corporate tenant in place.
- Reliable tenant: The tenant has been long-term and at this stage intends to continue the lease indefinitely. The current lease expires on 29/11/25, with an option for an additional 12 months.
- Attractive Rental Return: The property offers a rental return of approximately $51,785.83 per annum plus GST, increasing to $53,340 per annum plus GST from 30/11/24.
- Well-Equipped Facility: The property features 5 consulting rooms, a reception area, a conference room, a kitchen, disabled toilets, a storeroom, and 7 car parks.
- Charming Original Features: Retaining many original features such as lead light windows, the property also includes ducted reverse cycle air conditioning.
- Flexible Future Use: At the end of the lease period, the property can easily be converted back into a home if desired by the new owner.
Don't miss out on this prime investment with a secure and profitable future.
Disclaimer: We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.39 km | 3 | 1 | -m2 | 2025 02 19 | $592,500 | Council approved | |
 | 0.32 km | 3 | 2 | -m2 | 2024 11 18 | $662,500 | Council approved | |
 | 0.40 km | 3 | 1 | -m2 | 2024 11 14 | $1,175,000 | Council approved | |
 | 0.41 km | 4 | 2 | -m2 | 2024 10 27 | - | Council approved | |
 | 0.41 km | 4 | 2 | 120m2 | 2024 09 23 | $725,000 | Council approved |