6A - 12 Rintoul Street, Westport, Buller
$900,000 + GST (if any)
1,656m2
777m2
+4
+3
Investment With Options
This exceptional commercial property presents a compelling investment opportunity on a prime 1,656m² freehold site in commercial zoning. The portfolio comprises four well-maintained buildings totaling 770m² of lettable space, anchored by quality tenants including New Zealand Post, ensuring reliable income streams. The standout feature is a brand-new 250m² warehouse building with high roller door access, offering excellent flexibility for subdivision into multiple tenancy bays. This modern facility, combined with the property's excellent presentation and strategic location, creates significant appeal for both investors and owner-occupiers. The investment strategy is particularly attractive, with strong prospective tenant interest already identified for the new warehouse. This allows investors the flexibility to either maximise rental returns across all buildings or occupy the new facility whilst allowing existing tenant income to service mortgage obligations—a sound business proposition that enhances both cash flow and operational efficiency. Fully tenanted provides a robust 10% return. The diverse tenant mix and quality infrastructure provide excellent foundations for long-term income stability. A comprehensive information pack is available upon request for serious enquiries.
6A - 12 Rintoul Street, Westport, Buller
Web ID
WEC209598
Floor area
777m2
Land area
1,656m2
District rates
$10,127.60 pa
Regional rates
$615.30 pa
LV
$245,000
RV
$480,000
$900,000 + GST (if any)
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Good income and tenants. Income $39,520 + outgoings and GST. Freehold section 407m2 with building 377m2. The building does require seismic strengthening by 2034. Well located. 13.86% return that will finance the upgrade when required.
$285,000 + GST (if any)
Located on the town's outskirts, this commercial property offers an exceptional opportunity for businesses seeking a strategic and private location. Designed to accommodate diverse industrial needs with three phase power available, the property perfectly balances functionality, space and accessibility. The well designed internal layout includes a spacious reception area and a dedicated office space that ensures productivity in a professional environment. There is a kitchen area for smoko breaks with a toilet conveniently located just off it. A large storeroom offers ample space for equipment and supplies while the standout feature is the expansive warehouse area that boasts two roller doors, allowing for seamless access and flow of goods. Externally, 2-8 Whyte Place benefits from a brand-new roof, providing peace of mind and minimal maintenance for years to come. The impressive 2.4-acre fully fenced section is contained within three leasehold titles and is zoned industrial. Whether you're looking to expand your current operations, your first commercial venture or need a new home for your business, this property at 2-8 Whyte Place checks all the boxes. Contact us today to arrange a viewing or for more information, and take the first step towards securing your future!
$299,000 + GST (if any)
Looking for a lucrative investment opportunity in the bustling town of Westport? Look no further. We have an exciting offer for you - two connected dwellings on one title, with tenants already in place. This 330m2 building sits on a spacious 400m2 section and is split into two commercial spaces. The first is home to the popular Smileys Takeaways, while the second is leased by Literacy Aotearoa as an office building. Each space has its own storeroom and toilet facilities, providing a convenient and practical setup for both tenants and customers alike. Located on the busy main street of Westport, these commercial spaces are well placed among the town's retail hub. With a great location and established tenants, this is an excellent opportunity to generate passive income and watch your investment grow. Don't miss out on this exciting opportunity - contact us today to learn more about this investment gem in Westport.
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