50 Queen Street, Waiuku, Franklin

Landmark property - invest, occupy, or add-value

Key features
• A+ Seismic (IEP) Rating
• High-profile freehold corner site
• Current rent, plus potential rent (when fully-leased) of $110,000pa + GST

Step into a rare opportunity to own a piece of Waiuku's history in this prominent, character-filled building, positioned in the heart of the township. Originally established as a bank in 1920, the property at 50 Queen Street has undergone significant upgrades, including a comprehensive structural enhancement by ANZ in 1993.

Sitting proudly on a 577sqm (more or less) freehold corner site, the building spans approximately 425sqm (approximately) over two titles and offers excellent street presence and accessibility. The classic facade nods to the building's heritage, while the interior provides a flexible layout suitable for a wide range of commercial uses.

The basement is currently leased to ASB Bank, housing an ATM on a secure lease through to 2030, including annual 3% rental increases, generating a steady income of $30,900pa + GST. The main street-level floor is currently vacant, presenting an outstanding opportunity for an owner-occupier or investor to unlock additional income or redevelop for retail, hospitality, office, or professional service use.

Mike Hook
+64 27 332 2495
mike.hook@bayleys.co.nz

Tony Chaudhary
+64 21 995 121
tony.chaudhary@bayleys.co.nz