121 High Street, Motueka, Tasman

Multi-Tenanted Investment

This handsome road-frontage commercial property for sale is an attractive corner site. The property includes two buildings and three flats. The ground floor is currently leased and operated as Armadillo's Bar & Restaurant & the NZ Post Distribution Centre. Leases are in place with the right of renewal. The first floor comprises three flats which are all currently tenanted. An engineers report is available with a detailed seismic assessment of the property. The property has a Rating Valuation of $996,000. The diversity of income streams, paired with the opportunity for rental growth over the longer term makes this property a solid buy-and-hold asset.

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