Cnr Arawa Street and Tui Street, Matamata, Matamata-Piako

Prominent corner - multiple national tenants

- Tenanted investment returning circa $118,770pa plus GST net
- Earthquake rating above 67% NBS
- Prime location with opportunity to potentially occupy some of the property

The prominent corner property which houses a number of national and local tenants is on the market for sale. Tenants include Property Brokers, FMG, Luminate One and Mata Digital. With a modern fit out throughout, this freehold property generates a combined annual rental income of circa $118,770 plus GST and outgoings from its four tenancies - all operating in different commercial sectors.

With vacancy rates at an all time low, this is one not to miss!

22 Arawa Street - known as Transport Buildings from its original days - is being marketed for sale by deadline private treaty through Bayleys Hamilton salespeople Rebecca Bruce and Jordan Metcalfe, with the process closing at 4pm on Thursday March 31 (unless sold prior).

Property Brokers maximises its profile from the location with extensive branding and shop window displays of properties it is selling in the prime corner tenancy. The company's lease is up for a final expiry next year - providing two potential outcomes for any new owner of the site. Either for an investor-motivated purchaser to negotiate new lease terms with the real estate agency, or for an owner/occupier seeking a presence on one of Matamata's busiest retail streets to gain a corner site foothold in a locale with a very low occupancy rate.

The well maintained and clean lined property and its quadruple of tenancies benefit from ample on street customer car parking spaces immediately outside their doors on both Arawa and Tui streets, in addition to the visually appealing council-manicured gardens on the corner of the two roads.

For a site viewing of this prime Matamata location for sale by deadline private treaty closing at 4pm on Thursday 31 March, unless sold prior.