Soak up with this add value investment
205, Whitaker Street, Te Aroha, Matamata-Piako
- Proposed Usage
- Floor Area
- 230.00 m²
- Land Area
- 288.00 m²
- Auction Date
- 12:00 - Aug 15, 2019
- Property ID
In a town spouting the only known hot soda water geyser in the world, 205 Whitaker Street presents an opportunity for the first time investor or to add to an existing portfolio, offering a stable tenancy with room for rental growth.
Located on the high profile corner of Whitaker and Lawrence Streets, this property offers excellent visibility for both foot and vehicle traffic. The corner superette has been occupied for a decade under the current tenancy and is returning $14,040.00 + GST with a second tenancy returning $6,240.00 + GST and a vacant space of approximately 51sqm allowing the new owner to increase their return.
Following the Government's announcement to invest close to $1 million in the area under the provincial growth fund initiative to capitalise on strong forecasted growth in the Waikato, Te Aroha has the potential to become a health and well-being hot spot.