This is an affordable commercial property which offers multiple income sources from both the food retail space and attached three-bedroom flat, set on a 1,012sqm section.
The retail space has a long-term tenant in place and is yielding approximately nine percent. The flat is untenanted and with some TLC, it could rent for up to $200 per week.
Currently operating as a cafe and takeaways, with an excellent reputation. Raetihi is an historic township, a close distance to Ohakune and Turoa ski area, and is experiencing a buoyant property market. There is strong demand for rental property too with a shortage of rentals throughout the district. Raetihi is busy all year round with skiers and boarders in winter and steadily increasing tourists through summer exploring the Ruapehu region.
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