37 Seddon Street, Raetihi, Ruapehu

Multi-income in Raetihi

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.
Contact me for further details.