36 Arawa Street, Matamata, Matamata-Piako

Opportunity on Arawa

• Robust tenant, Furniture Zone has 20 plus stores in the North Island
• Three (3) year lease
• Prime location on Arawa St
Owner occupied by one family trading as 'Jaggers' for over 53 years before being leased to Furniture Zone, this commercial building provides an excellent risk/reward profile to investors. It is secured by a three-year lease effective from 1 April 2022 and delivers $60,000pa + GST return from Furniture Zone, a robust tenant.
The substantial 550sqm building has a solid, high-profile presence in the hub of Matamata's retail and commerce sector. A mixed seismic rating of 25% NBS and 75% NBS on the building allows add-value opportunity. It is surrounded by established retail brands and commercial neighbours, gets constant foot traffic, and has street parking directly in front of the building.
There is staff parking and a service lane at the rear with roller door access and tearoom and toilet facilities. The building occupies a 647sqm freehold lot and promises reliable returns in terms of both income and capital growth.