High Profile Investment


76 Town Centre, Turangi

Asking Price NZD $769,000 + GST (if any)

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High Profile Investment | 76 Town Centre, Turangi | 2700477 |      X Close
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High Profile Investment


A fantastic business opportunity awaits with this multi-unit 488 m² commercial building.

The property situated adjacent to the busiest roundabout in Turangi, offers an incredibly high visual presence and is presented to the market for the first time in 40 years. Currently two long-term existing tenants are in place, with a further rented space taken for bank purposes yet there is also 300 m² ground floor space available for tenancy. The expected total rentals will yield an 11% net return. Subject to Council and services requirements, this could be subdivided into three further units but in its current form the retail space was returning $55,000 (Plus GST) per annum.

Featuring floor to ceiling aluminium-profile glazing, new air-conditioning and two access points the property has also experienced extensive rejuvenation work carried out to its roof, it has been externally repainted recently and it boasts a 70% + Seismic Risk rating.

Sited next to a newly constructed commercial building, this property takes full advantage of its commanding central position amongst a growing business district and a vibrant local economy.

Call for an information profile today.

Zane Cozens

Turangi

Licensed under the REA Act 2008

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76 Town Centre, Turangi

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Zane Cozens

Turangi

Licensed under the REA Act 2008

View profile