Provincial investment split risk with upside

29, Main Road, Tirau, South Waikato

Auction

Proposed Usage
Industrial
Description:
Property ID
1c3yz0z

• Multi-tenanted investment featuring a mix of 7 tenants
• Prime location on SH1, situated on 1,737sqm of land (more or less)
• Returning a net rental of circa $87,000pa plus GST
• Three separate buildings featuring A Grade & B Grade seismic ratings

This comprehensive investment on State Highway 1 accommodates seven tenants on a high profile 1,737sqm (more or less) of land in the heart of Tirau. The township is renowned for its place-specific economic activity, and is a destination centre with a strong consumption culture and a tourism-related identity. It lies in the hub of the North Island. Over 20 years ago Tirau reinvented itself by harnessing the huge traffic count that passes through the town. It is one of the country's most successful rural revivals, boasting a unique cultural economy of its own. The vibrant little town pulsates with retail, hospitality and commercial enterprises and the seven tenants housed in this investment reflect a cross-section of the business community.
Tenants include the popular Bugger Cafe, the Christmas Heirloom Company, Rural & Lifestyle Sales, The Motivator Personal Training Studio, South Waikato Industrial Automation and Skinique Beauty Therapy. The seventh is a residential tenant.
Building A - 95% NBS. Building B - 75% NBS. Building C - 80% NBS.
The large parcel of land on which they sit is a groomed landscaped environment that adds value to the township. Buying a well-established multi-tenant property is a prime investment option, particularly as a source of income is usually guaranteed.

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Tirau Area