33 Bridge Street, Tokoroa, South Waikato

Outstanding Provincial Investment

- Premium tenant BNZ Bank
- Profile position in Tokoroa CBD
- A grade seismic rating/new roof
- Annual net rental $58,000 + GST
- Strong provincial income earner

This property comprises a multi level commercial building located on a prominent and profile site in the heart of the Tokoroa CBD. The building is occupied by the BNZ Bank which is a subsidiary of the National Australia Bank Group of companies.

BNZ have had a long established trading history in the premises which were purpose built for them in the 1960's. All internal fitout is owned by the Tenant with refurbishment in 2013 that included new air conditioning. The building has been seismically strengthened to an A grade rating and has recently had a new roof installed.

The bank commenced a new six year lease from October 2013 which includes three further three year rights of renewal. Rent reviews are three yearly with the next being due this October 2016. The current annual net rental is $58,000 + GST.

This is a superb opportunity to secure a prime low risk provincial investment property that will provide for higher returns than current bank rates with income you can most certainly bank on from the BNZ!