Multi Tenanted Triple Fronted Retail Investment
162, High Street, Hawera, South Taranaki
- Proposed Usage
- Floor Area
- 943.00 m²
- Land Area
- 945.00 m²
- Property ID
- Central Hawera locality
- 945sqm (more or less) site across two freehold titles
- Returning $75,000pa + GST and outgoings (assessed market rental $104,015pa + GST and outgoings)
- Total floor area 943sqm (approximately)
Situated within the Taranaki township of Hawera, 162 High Street comprises a fully let multi tenanted retail investment with a prominent central position.
Triple fronted with road frontage on to High Street, Union Street and the adjoining public carpark, the property is strategically positioned to benefit from the planned redevelopment of the Town Centre including Countdowns new supermarket project that will be constructed on the aforementioned carpark.
The diverse income stream comprises two tenancies consisting of Paper Plus Hawera, NZ Post & Kiwibank and a new lease to a local butchery tenant. With a modest current rental relative to market there is an opportunity to add value for the savvy investor.
On the market for the first time in over 50 years this is a great opportunity to purchase a diverse high yielding asset with upside to come.
For sale by negotiation.