Live, work or add value with essential investment


563 State Highway 25, Waitakaruru

Asking Price NZD $799,000 + GST (if any)

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Live, work or add value with essential investment | 563 State Highway 25, Waitakaruru | 2311598 |      X Close
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Live, work or add value with essential investment


Consisting of three titles with substantial frontage on the busy State Highway, 563 State Highway 25 offers an opportunity for an owner occupier to move in with supplementary income, or investor to tenant the vacant area adding value and splitting the risk..

Anchor tenant and essential service Franklin Vets, supporting and servicing the strong rural community, has occupied the front building since 2019. The $20,347.82+GST annual rental with a built-in fixed increase on the first review provides a substantial holding income while determining the best way to utilize the space at the rear.

Comprising a considerable high stud warehouse boasting multiple roller door access to the front and an unconsented two-bedroom dwelling flowing onto a private garden at the rear. Separate gated access to the dwelling is provided down the left side of the property.

Additional shedding at the rear of the property can be utilised as is, reconfigured, repurposed or redeveloped to provide a modern workspace with the potential for an additional tenant and increased income from the substantial 2,309sqm (more or less) site.

Floor Area:685sqm (more or less)

Land Area:2309sqm (more or less)

Zoning:Commercial (8B)

Josh Smith

Hamilton

Licensed under the REA Act 2008

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563 State Highway 25, Waitakaruru

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Josh Smith

Hamilton

Licensed under the REA Act 2008

View profile