214 Mannering Street, Tokoroa, South Waikato

Calling all cash buyers!

•Land area: 455sqm
•Building area: 390sqm
•Annual net rental: $15,990 + GST & OPEX
•Location: Popular CBD position
•Opportunity: Suit entry level / first time investors

This property comprises a conventional single storey commercial building design which includes spacious open plan retail accommodation and an expansive 14 metre window display frontage to Mannering Street in the Tokoroa CBD.

Tenanted by the Salvation Army Tokoroa Family Store, this business has had a long and proven trading history in these premises over the past eight years. The final lease term expires in March 2021 providing options to either renegotiate with the Salvation Army, release to a new tenant or owner occupy.

An affordable tenanted investment opportunity currently providing good cash flow, this property is priced to sell at a generous provincial yield which will most certainly out perform current bank returns.