Searching for a better yield?

81 Arawa Street, Matamata

By Negotiation

Download Email
Searching for a better yield? | 81 Arawa Street, Matamata | 2310861 |      X Close

Searching for a better yield?

This property will appeal to investors looking for a quality property at a better yield.

81-85 Arawa Street, Matamata is a substantial investment property of approximately 1,237sqm (more or less) in the Matamata town center, walking distance to the Hobbiton Movie Site bus stop, a key tourist attraction.

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 front frontage and has been refurbished to a high standard with an attractive schist exterior and large shop front windows. The property features sixteen rooms of popular comfortable accommodation as well as a tenants apartment, a full commercial kitchen, a garden bar and a newly fitted out separate gaming lounge.

The anchor tenant runs a successful and popular restaurant and bar along with obtaining income from the

accommodation and gaming.

With yields under pressure in the main centres this property offers an excellent opportunity for excellent returns underpinned by strong tenant covenants, a substantial up to date building in the absolutely thriving location of Matamata.

Floor area 1395sqm (approximately)

Land area 1237sqm (more or less)

81 Arawa Street, Matamata

Open in map