Add income opportunity awaits!

62-66 Bridge Street, Tokoroa

Asking Price NZD $525,000 + GST (if any)

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Add income opportunity awaits! | 62-66 Bridge Street, Tokoroa | 2500957 |      X Close

Add income opportunity awaits!

- Anchor tenant: Matley Accounting

- Ready to rent: Six storage units

- High profile corner site on main CBD route

- Split risk investment with rental upside

- Potential for annual net income to be in excess of $50,000

Former newspaper publishing building that has been renovated and refurbished to provide a modern front office accountancy tenancy together with eight storage lock up units at the rear. These units offer quality storage space with multiple income streams.

The storage unit facility provides outstanding potential to add significant income with only two of the eight units currently rented, which is primarily due to a lack of promotion by the existing owners.

The leased office and part rented storage units are currently returning an annual net rental approximately $37,000. However an increase in the occupancy rate of the storage units to 75% (6 of 8 units rented) could boost your potential net income to over $50,000, and at 100% occupancy up to $58,000 based on current rental rates.

Savvy investors will most certainly recognise the upside of the high growth storage sector and take advantage of this immediate opportunity to increase the annual rental income. The offering provides an affordable provincial asset that is presently returning 7% on the asking price.

62-66 Bridge Street, Tokoroa

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