Former bank building for sale

The prominent office premises that once housed a landmark bank branch are up for sale in the heart of Katikati, opening the way for new occupiers.

Previously home to a high-profile BNZ branch, the single-storey town centre building has, in recent years, been tenanted for office use. It is now being offered to new owners with vacant possession.

Offering nearly 300 square metres of quality office accommodation on a 500-square-metre freehold site, the property enjoys strong street presence and profile to passing traffic along Main Road – doubling as State Highway 2 – the key route through Katikati’s commercial centre.

The site has an appraised potential to generate a net rental return of some $66,000 per annum.

It is being marketed by Bayleys as a bankable opportunity for owner-occupiers eyeing a strategic business base or add-value investors seeking a proven professional office asset, in the tightly held western Bay of Plenty township.

The freehold land and buildings at 25A Main Road, Katikati, are being marketed for sale exclusively by Brendon Bradley and Lynn Bradley of Bayleys Tauranga.

The property will go under the hammer at an auction on Wednesday 10 December, unless it is sold prior.

“With a commanding position at the northern entrance to Katikati’s town centre, this property presents an exceptional opportunity to secure a modern, spacious and well-presented commercial premises with an A-grade seismic rating, that’s ready for immediate occupation,” said Brendon Bradley.

“Constructed in the 1950s, the building has a distinguished heritage as a bank branch and then as a quality flexible workspace for professional office tenants.

“Designed with flexibility and functionality in mind, the property features a welcoming entry foyer to a large open-plan office space together with well-appointed private offices, meeting areas and staff amenities.

“A modern layout designed to optimise workflow, and quality presentation throughout, paves the way for a new occupier to move in immediately with minimal fitout and capital outlay required,” Brendon Bradley said.

The Main Road site offers excellent profile and exposure thanks to its prominent frontage to Katikati’s principal thoroughfare, which forms part of State Highway 2 between Tauranga and Auckland.

Lynn Bradley said this presented superb possibilities for business signage.

“Accessibility and convenience are supported by dual access via Main Road and, to the rear, from Talisman Drive. The commercial-zoned site sits in a sought-after position in Katikati’s central business hub, where it’s surrounded by shops, offices and commercial services providers,” she said.

Notable neighbours include Westpac and ANZ banks, Unichem, Paper Plus, BP, and Pizza Hut, along with a superette and tavern. Next door is Pātuki Manawa - Katikati Library and Council Service Centre.

Lynn Bradley said Katikati offered significant appeal as a provincial location.

“Positioned in the centre of an area famed for its avocado and kiwifruit orchards, Katikati is a thriving rural service town whose growing population is estimated to have topped 6,000 as of June 2024.”

“The area’s nationally important horticultural and farming activities provide a sound economic base for this part of the coastal belt between the Kaimai Ranges and Tauranga Harbour.”

“Katikati also sits strategically within New Zealand’s economic ‘Golden Triangle’ - two hours from Auckland and Hamilton and under half an hour from Tauranga, which boasts the country’s largest shipping port,” Lynn Bradley said.