Earthquake prone opportunity, motivated vendor

45, Alexandra Street, Te Awamutu, Waipa

Auction

Proposed Usage
Office
Description:
Property ID
1c51w61

Under instructions from our vendors we offer the opportunity to secure 45 Alexandra Street, Te Awamutu, located on 680m2 (more or less) of land with two road frontages, this property offers a main street retail presence not to be passed up.
With an IEP rating of 10% the vendors accept they are not developers and are at the stage in life to let someone else reap the benefits of a higher yield until the building is redeveloped or brought up to current requirements.
Featuring a mix of tenants, both retail and office, enjoy a net rental of circa $86,000 pa+GST with room to add-value.
Te Awamutu is a thriving Waikato town within close proximity to Hamilton and Cambridge servicing a large rural community beyond the Waikato into the King Country. Opportunities of this nature are few and far between- this is a must viewoffering strong holding income with multiple future development options.

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Te Awamutu Area