56-58 Moa Street and 2A Kea Street, Piopio, Waitomo

National Tenant - Essential Business

• National tenant and essential business, PGG Wrightson Ltd, on 10 year lease term
• Currently returning $44,973.36pa + GST net, from 20th October 21, with favourable rent review provisions
• "A" Grade Seismic rating of 90% NBS

The high-profile land and buildings housing the South Waikato regional branch of leading New Zealand farming supplies firm PGG Wrightson are on the market for sale.

Featuring 260sqm (approx.) of warehousing, showroom and adjoining office space on Piopio's main street Moa Street, also known as State Highway 3 which connects the Waikato to Taranaki. Comprising 1,767sqm (more or less) of freehold land across three addresses, much of which is utilised as storage and yard area.

PGG Wrightson is on a lease running through until 2027 with five further three-year rights of renewal. PGG Wrightson currently pays annual rental of $42,895 plus GST net, with favourable rent review provisions.

Because of the products and services PGG Wrightson supplies to the rural sector, the company is classified as an essential service under Covid-19 level 4 and 3 lockdown response levels.

A site viewing of this high-profile property with its New Zealand stock exchange listed tenant is greatly recommended.