1 Hillcrest Street, Tirau, South Waikato

Premier split-risk investment on SH 1

• Seismic 40% NBS
• $68,700pa + GST net increasing to $75,200pa + GST net Nov 2023
• Anchor tenant Notting Hill expanding Nov 2023
• Strategically located on SHWY 1

Superb buyer confidence comes with this split-risk investment. The high-profile property in the heart of Tirau's bustling business hub provides a passive annual income of $68,700 from three reputable tenants, including Notting Hill Interiors, a very successful destination store for homeware, fashion and furniture since 2004 and the well-presented giftware shop, Saya Suka, and the South Waikato District Council.
This strategic commercial site on SH1 comprises a 680sqm (approx.) building on 1,543sqm (approx.) of land. It is surrounded by well-established businesses that cater to high volumes of traffic and visitors passing through a town that has successfully established itself as an iconic visitor destination. The tenants are all on solid lease terms and the site has ample rear parking.
This property holds significant appeal due to its strong tenancy and excellent exposure.