9-13 Rolfe Way, Putaruru, South Waikato

Invest in the backbone of the economy

• Tenanted by New Zealand's largest farmer owned rural supplies co-operative, with a rental of $165,000 +GST and outgoings per annum
• Located in a prominent position in Putaruru, visible from State Highway 1
• Well maintained building with ample parking

With a solid tenant in place on a right of renewal lease that expires in 2065, this commercial investment makes good business sense.
A prominent fixture in Putaruru, clearly visible from State Highway 1, the substantial building has been leased by Farmlands Trading Society since June 2011. This very tidy earner returns an annual net rental of $165,000 +GST on a 12-year lease with fourteen (14) rights of renewal of three (3) years each.

The 776sqm (approx.) warehouse, with a 76sqm (approx.) mezzanine, occupies a land area of some 4,000sqm (more or less). Ultra-close to transport and infrastructure, the well-maintained building has parking facilities, appropriate businesses around it and is a familiar sight in the South Waikato town whose economy is based on farming, forestry and timber.

Farmlands is New Zealand's largest farmer owned rural supplies co-operative, listed in the country's top 20 companies by turnover. A landlord has the opportunity to make stable long-term returns on this light commercial building that comes with a reliable tenant and a well structured lease.