Hold or develop, the choice is yours
25, Allen Street, Morrinsville, Matamata-Piako
- Proposed Usage
- Floor Area
- 828.00 m²
- Land Area
- 5025.00 m²
- Auction Date
- 11:00 - Sep 26, 2019
- Property ID
On offer is 5,024sqm (more or less) of commercially zoned land with an 828sqm (more or less) office building currently occupied by multiple tenants.
Returning circa $95,000 pa net and the opportunity to tenant vacant space one could see a potential net return of up to $120,000 pa net offering a substantial holding income for one of Morrinsville's largest pieces of commercially zoned land to come to the market.
25 Allen Street offers numerous opportunities from capitialising on the large land holding, redeveloping offices attracting high end tenants, to continuing as a hands on investor.
The property is ideally situated close to Hamilton and the main arterial routes between Auckland and Tauranga, allowing easy access to all the major centres in the region.
25 Allen Street offers a split risk investment with multiple add value opportunities.