30 Rangipo Street, Waiouru, Ruapehu

Excellently priced, well below RV

Situated on a 1,927sqm site on State Highway 1 opposite the Army museum, this is the first eatery as you enter Waiouru from the south. The Rateable Value is $230,000 and we invite all offers over $180,000 plus GST (if any).
Currently leased and operated as a bakery/cafe. The current lease expires in May 2021 and the tenants would also consider an early end to their tenancy for a new owner operator to establish their business. The current rent including outgoings yields over 10 percent.
The building is 168sqm and contains dining/serving area, kitchen, chiller, and back office. There are toilets for customers and separate for staff. With the large section there is space for future development. Currently there is plenty of parking space for customers.
Waiouru has thousands of vehicles passing everyday and is a frequent stop for travellers and hungry truckies. It is the gateway to the Ruapehu and Taupo regions from the south.
This could be your entry level commercial investment or an affordable extra to your portfolio.
Contact me for further information.