Unit 2, 42-54 Main Road, Tirau, South Waikato

AUCTION BROUGHT FOWARD

In the heart of Tirau, renowned as the Corrugated Capital of the world, this tenanted investment on State Highway 1 enjoys a high profile position opposite the famous Big Dog and Sheep I-Site information centre. The Cambridge expressway has had a positive impact on the destination township, with more traffic and increased customers through the doors of local businesses. This 140m2 (approx.) building, which has a cafe as the tenant, returns $24,192pa plus GST and outgoings. The tenant has recently renewed a two-year lease with a further right of two years left. The business presents an attractive street frontage and tidy interiors. Tirau is a must-see attraction that draws a steady stream of visitors throughout the year. It is a major junction in the New Zealand state highway network, and just south of the township is the intersection of State Highway 1 and State Highway 5. Primarily a farming town, in recent years Tirau has begun to exploit the income that comes from being at a major road junction. This investment provides strong and reliable returns in the form of both income and potential capital growth.