Sold Property

1526 Springbank Road, Kerikeri, Northland 0293

  • 2.19 ha
  • 1600 m2

$2,270,000

Investor Alert - Redwoods Commercial Centre

This multi-tenanted commercial property offers sound passive returns and excellent potential for future development, it is an investors dream! The flat 2.19-hectare property, in a prime position on State Highway 10, offers six strong leases with multiple access points and rental returns are healthy.

The anchor tenant is Redwoods Garden Centre and Café, Kerikeri's most iconic garden centre. There are numerous other buildings on the property, all with secure tenancies in play, so the current investment strategy is sound.

The cherry on the top is the possibility of future development, potentially adding more rental returns to the portfolio? The Redwoods Centre is more than just a destination, it's a venue.

An opportunity such as this doesn't come along often, and our vendors are committed to moving forward. Viewing is recommended.

Price is +GST (if any) Property ID: #KK26944

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Sold Date

  • 31 October, 2019

Property features

  • Property Type: Retail
  • Property Details: Tenanted Investment
  • Tenure: Fee Simple

Office

Harcourts Kerikeri

Licensed under REAA 2008

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Est. bond $1920
  • 2.19 ha
  • 1600 m2

Sold Property

1526 Springbank Road, Kerikeri, Northland 0293

$2,270,000

Investor Alert - Redwoods Commercial Centre

This multi-tenanted commercial property offers sound passive returns and excellent potential for future development, it is an investors dream! The flat 2.19-hectare property, in a prime position on State Highway 10, offers six strong leases with multiple access points and rental returns are healthy.

The anchor tenant is Redwoods Garden Centre and Café, Kerikeri's most iconic garden centre. There are numerous other buildings on the property, all with secure tenancies in play, so the current investment strategy is sound.

The cherry on the top is the possibility of future development, potentially adding more rental returns to the portfolio? The Redwoods Centre is more than just a destination, it's a venue.

An opportunity such as this doesn't come along often, and our vendors are committed to moving forward. Viewing is recommended.

Price is +GST (if any) Property ID: #KK26944

Property Features

  • Property Type: Retail
  • Property Details: Tenanted Investment
  • Tenure: Fee Simple

Sold Date

  • 31 October, 2019

James Vincent Harcourts Kerikeri

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Harcourts Kerikeri

Office Harcourts Kerikeri Licensed under REAA 2008

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Need to sell before you Buy?

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