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Tokoroa

62-66 Bridge Street, Tokoroa, South Waikato

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652sqm Floor area
653sqm Land area SQM

Asking Price NZ$525,000 + GST

 (if any)

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.

Brendon Bradley

Brendon Bradley


Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Ryan Bradley

Ryan Bradley


Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Anchor tenant


Matley Accounting

Annual Net Rental


Current circa $37,000 / Potential circa $50,000 +

Ready to rent


Six storage units

Zoning


Tokoroa Town Centre