Te Kuiti
57 Rora Street, Te Kuiti, Waitomo
Auction
(unless sold prior)
Don't be sheepish - invest now
ā¢Essential service provider
ā¢New lease extension in place
ā¢Strong National Tenant
ā¢Income $91,703 pa +GST
ā¢Full OPEX paid by tenant
ā¢IEP 67% new building standards
Situated in the heart of King County, the proud home of Colin Meads, New Zealand's greatest All Black. 57 Rora Street offers the opportunity to acquire a 3,693 sqm (more or less) land offering with a 1,270 sqm (more or less) building tenanted to rural service provider PGG Wrightson including their retail, stock agency, real estate and insurance offers.
The tenant recognises this site as key for their business. Having recently extended their term to 31 May 2027 and with one right of renewal remaining shows their intention to remain put. The building has been strengthened to above 67% NBS and various capital works upgraded by the landlord. This is a must see for investors.
Rounding off this well-appointed property is dual access from both Rora and Taupiri Streets- easy access for customers and staff.
Throughout the covid era PGG Wrightson is classed as an essential service provider and have been in occupation of this site for 20+ years. This along with its long-standing history dating back to the mid-1800s from the founding companies will provide security to any investor.
