Multi tenanted retail investment

Te Puke


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Multi tenanted retail investment | Te Puke | 2304644 |      X Close

Multi tenanted retail investment

- Prime 667sqm freehold commercially zoned site

- 616sqm single level retail building

- Multi tenanted split risk investment

- 71% (Grade B) NBS Seismic Rating

- Fully tenanted premises returning $84,000 + GST p.a.

This property is situated in a prime and popular Te Puke CBD location with great foot traffic and an expansive 20 metre frontage to Te Puke's main street. This circa 1982 commercial building is currently being refurbished to accommodate a third retail tenancy. The newly refurbished retail space is due to be completed prior to the Lease commencing on the 01st October 2018, providing an opportunity to invest in a fully tenanted commercial property.

Positioned in a proven retail location towards the eastern fringe of Te Puke's main commercial area, Jellicoe Street is the principal retail shopping strip and close to a wide range of amenities with businesses on both sides of the street. Te Puke is a strong provincial rural centre servicing the agricultural and horticulture sectors, being acknowledged as the Kiwifruit Capital of New Zealand.

Given the split risk income streams together with the sought after CBD location, this must appeal to investors looking for a commercial property that provides strong cash flow and a return on investment that is sure to outperform current bank deposit rates.

A must inspect and excellent entry level / first time investor property or an affordable passive investment to add to any commercial portfolio!

Call now for more information or to arrange a viewing!