Entry level investment opportunity

55 Swanston Street, Tokoroa

Asking Price NZD $350,000 + GST (if any)

Download Email
Entry level investment opportunity | 55 Swanston Street, Tokoroa | 2305408 |      X Close

Entry level investment opportunity

For Sale by Private Treaty - Asking Price $295,000 + GST (if any)

Bayleys Office, 247 Cameron Road, Tauranga

- 470sqm Town Centre zoned site

- 387sqm commercial premises

- 45% NBS - 'C' Grade Seismic Rating

- Long established second-hand tenancy

- Ideal provincial income earner / cash flow

- Annual net rental $24,381 + GST and Outgoings

- Suit entry level / first time commercial investors

The property comprises a conventional single storey building design which includes spacious open plan retail accommodation and an extensive 15 metre window display frontage to Swanston Street in the Tokoroa CBD.

This second hand homewares business has had a long and proven trading history in these premises over the past 50+ years. The current tenant has recently commenced a new four year lease in March 2018 with further rights of renewal.

An affordable tenanted investment opportunity providing good cash flow and is priced to sell at a generous 8.25% yield which will most certainly out perform current bank returns!

Call now to arrange a viewing or discuss your options!

55 Swanston Street, Tokoroa

Open in map