Art deco special - split risk investment


45 Alexandra Street and 3 Walton Street, Te Awamutu

Asking Price NZD $1,690,000 + GST (if any)

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Art deco special - split risk investment | 45 Alexandra Street and 3 Walton Street, Te Awamutu | 2312523 |      X Close
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Art deco special - split risk investment


-High profile property on Te Awamutu's main retail strip with two street frontages

-Split risk investment with a mix of national and local operators

-Returning $102,977 plus GST per annum with terms stretching as far as 7 years

-Classic art deco style building - she is a beauty

One classic building - two separate street frontages, six separate tenants. That's what's on offer with this classic property in the heart of Te Awamutu is now on the market for sale - tracing its instantly-recognisable art deco architectural style and heritage back to the mid-1930s.

Distinctive Burns House benefits from two street frontages - one onto the busy Alexandra Street, being Te Awamutu's main retail strip, and onto Walton Street on the other.

The six separate tenants offer a mix of national and local operators - on lease terms stretching as far out as seven-years - include a high end shoe retailer, a yoga studio, a Mediterranean fast-food outlet, an escape room business, a vape store, and a security firm occupying the basement-level space. Tenancy mixes rarely come as broad as this.

With a heritage building status of 'regional and district-wide significance', this main street grand lady in the middle of Te Awamutu offers investors a split risk opportunity returning $102,977pa plus GST.

The prime location and high visibility of Burns House have always ensured substantial volumes of foot traffic for its street-level tenants, with the benefit of location convenience for its commercial occupants.

The property at 45 Alexandra Street/3 Walton Street is now on the market for sale by deadline private treaty closing 4pm Wednesday 11th August (unless sold prior). For your personal viewing, or additional information on this high-profile investment opportunity, contact Bayleys Hamilton commercial and industrial salespeople Rebecca Bruce or Jordan Metcalfe.

With Te Awamutu known as "the town of roses" you could say this property asset is 'a blooming' brilliant investment opportunity.

Jordan Metcalfe

Hamilton

Licensed under the REA Act 2008

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Rebecca Bruce

Hamilton

Licensed under the REA Act 2008

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45 Alexandra Street and 3 Walton Street, Te Awamutu

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Jordan Metcalfe

Hamilton

Licensed under the REA Act 2008

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Rebecca Bruce

Hamilton

Licensed under the REA Act 2008

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