62-68 Tasman St and 33 Domett St, Opunake, South Taranaki

Trophy tenant - prime position

•1,240sqm (approx.) floor area
•3,054sqm (approx.) land area
•Trophy tenant, Fonterra Co-operative Group t/a Farm Source
•Prime corner site
•Substantial land holding in dairy heartland
Farm Source leases this substantial 3054sqm (approx.) property on a high-profile corner site in the heart of Opunake. Owned by Fonterra Co-operative Group Ltd, Farm Source boasts 68 stores nationwide.
This robust tenancy yields an annual net rental of $117,315pa + GST/OPEX on an eight (8) year lease, with three (3) years to run and right of renewal. The site supports a large 1,240sqm (approx.) tidy building, seismic 90% NBS, with prime frontage and road appeal on State Highway 45.
The buoyancy of commercial real estate makes this property highly sought-after and established investors will see value in adding it to their portfolios. In the dairy heartland of Taranaki, Opunake lies 60km south of New Plymouth and 44km north-east of Hawera. The small provincial town is the centre for the local dairy industry and a popular tourist spot, supported by a supermarket, medical centre, library and Council-related services.