Investment with multiple development potential
Tokoroa, South Waikato
- Proposed Usage
- Floor Area
- 1969.00 m²
- Property ID
â¢ Four-level solid concrete standalone building located in Tokoroa CBD
â¢ Floor area approx.1910m2, Land area approx. 454m2
â¢ Adjacent to State Highway 1 & 32
â¢ Tokoroa CBD development brings unlimited potentials
This four-level solid concrete standalone building with two titles is prominently located in the heart of the Tokoroa town center - As the timber town - the heart of New Zealand's massive forestry, timber and paper industries, it has the largest settlement in the South Waikato District with 24,200 people calculated in 2017. Population growth averaged 0.8%pa over the last 5 years compared with 1.7%pa in New Zealand. (South Waikato District Annual Economic Profile 2017, 2017)
Located 30km southwest of Rotorua, being midway between Taupo and Hamilton on State Highway One.
At present, Tokoroa has strong demand for motel, medical service provider, retirement village and affordable accommodation, these business uses are permitted under current council rules. Tokoroa Council has been conducting the CBD Upgrade project to attract visitor flows, increase employment for local community.
Opportunities like this rarely come around, call today!
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