104 Main Street, Huntly, Waikato

High yield Huntly investment

This investment has enjoyed the same tenant for the past ten years, and is located in the main street of Huntly, a bustling town just thirty minutes north of Hamilton and less than an hour approximately south of Auckland.
It comprises 210sqm retail space and sits atop a 263sqm section and backs onto the Waikato River. The annual rental is $18,000 + GST and the tenant covers all the outgoings; current lease term carries over until 31st March 2022 with a further right of renewal for another 3 years till 2025.
The coal town of Huntly makes an interesting stop between Auckland and Hamilton. Huntly is growing as Aucklanders look to move south for more affordable housing, located in the golden triangle of Auckland, Tauranga and Hamilton, Huntly is also the site of a massive coal-fired power station. It is also a major source of coal - the open cast coal mine has in the past produced around 10,000 tonnes a day.
With a seismic rating of 25% (2017) there is work to be done in the future to add value. The owners of this property are unexpectedly Australia-bound.
Do not miss your opportunity for this goldstar investment.