Provincial yield opportunity

81, Arawa Street, Matamata, Matamata-Piako

Auction

Proposed Usage
Industrial
Description:
Property ID
1c76kxc

Known as the Horse and Jockey Inn this property offers the safety of an established tenant on a long lease with the added security of three smaller supporting tenants in a town that is absolutely buzzing with tourists and locals. The substantial building has a prominent street frontage and has been refurbished to a high standard with attractive schist exterior and large shop front windows. The property features sixteen rooms of comfortable accommodation and a tenant's apartment, a full commercial kitchen, a garden bar, and a newly fitted out separate gaming lounge.
The anchor tenant runs a popular restaurant and bar plus receives additional income from the accommodation and gaming. With yields under pressure in the main centres this property offers an excellent opportunity for impressive returns underpinned by strong tenant covenants. 81 Arawa Street is a substantial, up to date building in the thriving location of Matamata.

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Matamata Area