Bite sized income earner!


24 Swanston Street, Tokoroa

Asking Price NZD $262,000 + GST (if any)

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Bite sized income earner! | 24 Swanston Street, Tokoroa | 2500571 |      X Close
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Description

Bite sized income earner!


- 212sqm site / 175sqm buildings

- Two established retail tenancies

- Central location in heart of town centre

- Split risk investment for security

- Annual net rental $21,031 + GST

- 8% yield on asking price

The property comprises two separate adjacent retail premises with the front corner shop having had a history of food use over the years and is currently tenanted by Greenhope Sushi who have occupied since 2013. The other tenancy fronting Swanston Street is leased to a long established hair salon business with the premises having been purpose built for this activity in the 1970's.

An entry level investment property that offers a good balance of location, split risk tenancies and an attractive income earner in the Tokoroa CBD. This is an affordable tenanted investment opportunity that will provide good cash flow and a generous provincial yield that is bound to be far better than current bank returns!