8-14 Richardson Street

Commercial Investors Seeking Immediate Income with Upside

This multi-tenanted CBD asset offers the appeal of immediate holding income, with $61,260 + GST per annum already secured from two established occupiers. With a substantial 410sqm still available to lease, investors have a clear pathway to materially increase returns and strengthen long-term yield.

Value-Add Buyers Wanting a Genuine Growth Opportunity

With more than half the building currently vacant, this property presents a compelling opportunity to unlock further rental income through leasing strategy, refurbishment, or repositioning. The scale, profile, and flexible two-level layout create strong foundations for an astute buyer to add value quickly.

Owner-Occupiers Wanting CBD Exposure and Income Support

Businesses seeking a prominent base in Whakatane’s CBD will appreciate the ability to occupy the vacant 410sqm while benefiting from income generated by the existing tenancies. This rare combination allows an owner-occupier to secure a high-profile address while offsetting holding costs through established rental returns.

Investors Looking for Split-Risk Commercial Security

With two tenants already in place and additional space available for future leasing, the property offers diversified income rather than reliance on a single occupier. This split-risk configuration provides flexibility, cash flow, and the opportunity to strengthen the tenancy profile over time.