148 Maniapoto Street and 6 Te Kanawa Street, Otorohanga, Otorohanga

Split-risk Asset

• Two titles on a 2,091sqm (more or less) site
• 265sqm (approx.) floor area across Subway and Roux tenancies
• 500sqm (approx.) floor area across the Otorohonda Stihl tenancy
• Split-risk investment across three established tenancies
• High-profile corner site of SH3 and SH39
• Ample parking
• Strong seismic ratings

Score a hat trick income with this split-risk investment over three tenancies. The 2,091sqm (more or less) Otorohanga property, with two buildings and generous parking, occupies a high-profile site on the corner of State Highway 3 and State Highway 39 in the agricultural hub of the Waikato region.

Subway and Roux (a women's clothing store) tenant the modern building on 148 Maniapoto Street, boasting a seismic rating of 100% NBS. Otorohonda Stihl occupies the building on 6 Te Kanawa Street which has a seismic rating greater than 67% NBS.

The location, tenant strength and robust triple income augur well for investors. The promise of secure long-term stability assures excellent peace of mind and makes this an asset worth acquiring in a strong dairy-farming district. Currently returning $117,064.87 per annum plus GST and OPEX. Full tenancy details are available on request.

Contact sole agent Willem Brown for further information or to arrange a viewing.