53 Seddon Street, Raetihi, Ruapehu

A legal investment opportunity

Nestled on the main street of Raetihi, this 254sqm (more or less) commercially zoned land is home to 193sqm (more or less) of quaint offices, once home to legal chambers. The property consists of two lettable areas encouraging both owner occupiers or investors looking to diversify the income potential of the property. Each lettable area contains their own amenities, a mixture of offices, open-plan spaces and reception areas. Currently returning $3,120 per annum on a month to month contract, the properties lease value has been appraised at circa $20,000 + GST which would reflect a circa 10% yield fully occupied.
A great opportunity and a highly motivated vendor, for more information or to arrange a site visit please reach out to the sales team.