55 Arawata Street, Te Awamutu, Waipa

Low risk - huge gain

•New six (6) year lease to national tenant Paper Plus including Toyworld and NZ Post
•Returning $185,000 plus GST net per annum
•90% NBS seismic rating
•Significant land holding 3,478sqm (approx.) on three separate titles
This property possesses all the dynamics required of a successful commercial investment.
Prime street frontage and significant landholding 3,478sqm (approx.) on three separate titles in downtown Te Awamutu ensures high visibility, and the new six-year lease promises stable income for the coming years. Occupying 1,566sqm (approx.) the building is well-presented, 90% NBS and has been home to Paper Plus for 11 years.
Paper Plus needs no introduction. Well-established nationwide as a retailer and service operator, it has Toyworld and NZ Post within its business operation. All are household names. Stability of income makes the property an easy choice. Landlords can sit back and reap an annual rent of $185,000 + GST from this reliably high-performing asset.
The substantial off-street customer carpark has a covered entrance way, and the location provides CBD vibrancy.