Better Than Bank Returns Here!


By Negotiation

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Better Than Bank Returns Here! | Tokoroa | 2301862 |      X Close

Better Than Bank Returns Here!

- 2,420sqm site / 495.5sqm building

- Split risk dual tenanted investment

- Profile corner position on busy intersection

- Close proximity to SH1 and town centre

- Annual net rental $22,000 + GST

The upper level of the property comprises a split level building that provides a showroom, office, warehouse and amenities together with sealed and security fenced front yard. This is tenanted by long established local business Tokoroa Drycleaners who relocated to these premises in 2010.

On a separate lower level is a mechanical workshop with mezzanine and office plus a separate garage / carport situated in a rear fenced yard area. This is tenanted by an owner operator trading as Beemac Motors who has occupied the premises for over 20 years.

This is a very affordable entry level light industrial asset that is well located within the Tokoroa town centre being on a busy corner site and in a well-established business precinct. The rental levels are very realistic providing good cash flow with potential for future growth and a return that is bound to be better than current bank rates!