SH1 commercial profile

20 Bridge Street, Tokoroa

Asking Price NZD $787,000 + GST (if any)

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SH1 commercial profile | 20 Bridge Street, Tokoroa | 2652013 |      X Close

SH1 commercial profile

Set just back off State Highway One in Tokoroa, this commercial building offers great profile for its current tenants.

Recently redeveloped to create three separate tenancies, it currently houses popular national takeaway chain, Pizza Hut and a successful local Indian takeaway store, both on solid leases.

The opportunity presents itself for the astute investor to further add value to the property by tenanting the third tenancy created that is yet to be completed with a shop fit-out.

Tokoroa is presently undergoing a major redevelopment of the town centre, in particular the frontage of the town centre bounding SH1. This has opened up the profile to the subject site and made the aesthetic nature of this Waikato Township, very much improved. This should make for an attractive proposition for the vacate tenancy and solidify the position of the current tenants within the commercial market.

Always a popular stop-off for those travelling down SH1 and offering excellent profile to SH1, this commercial offering is a great opportunity to secure prime commercial real estate.

Recently completed building renovations have created three separate tenancies on this high-profile SH1 property, two of which have good lease terms in place already.

A third tenancy , as yet not developed, will add further income to this popular site.

South Waikato District Council currently maintain the pleasant outdoor seating and garden area to the front of the property, but this under-developed area offers an opportunity for the astute investor to further develop the property to create further income streams.

With the District Council investing heavily in the upgrade of the road frontage to the town centre bounding SH1, the profile and aesthetics of the town centre itself and the subject site have been greatly improved.

20 Bridge Street, Tokoroa

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