183 Alexandra Street, Te Awamutu, Waipa

Let this one "Spark" your interest

• Long term national tenant returning $36,100pa +GST/OPEX
• Earthquake strengthened to 67%
• Well located on the busy main street
Situated on Te Awamutu's main Street, 183 Alexandra Street ticks all the right boxes and would be a welcome addition for investors of any level.
The 193sqm (more or less) building is occupied by longstanding tenant Spark New Zealand on a new four-year lease with rights of renewal, the $36,100 rental return allows an entry point into the commercial market that's better than money in the bank. With earthquake strengthening completed, bringing the building up to 67%, all that remains is a solid, hands off investment you can call home about.
Often referred to as the "Rose Town" of New Zealand because of its beautiful rose gardens, Te Awamutu is popular for its central location exemplified by the nearby Thorncombe Park development, a five stage, 105 section development only five minutes away.