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Taupo

108 Rifle Range Road, Taupo, Taupo

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446sqm Floor area
1,654sqm Land area SQM

Asking Price NZ$1,580,000 + GST

 (if any)

Automotive duo investment


• 1,654sqm (more or less) high profile freehold corner site on one of Taupo's main internal arterial routes
• Net rental $98,500.00pa plus GST and outgoings
• Seismic rating of 70% (DSA) for original portion and 100% (ISA) for new portion of building

The master tenant, DKM Holdings Limited, who are a long - standing tenant, lease the whole property and run their Budget rental car and workshop operation on the rear portion and sub-lease the front forecourt portion to Gull New Zealand Limited plus the space for the cell phone tower to ATG Limited.

The location is superb, around the mid - point of Rifle Range Road, one of the main arterial routes connecting the northern fringe of Taupo to Lake Terrace, the lakefront and Taupo town.

The site is adjacent to a Four Square Supermarket and in close proximity to other locally run businesses in the vicinity, has a large residential catchment, high visibility, access off Rifle Range Road and Pihanga Street and has excellent parking.

A rare investment opportunity within Taupo outskirts, call to request a copy of the full Information Memorandum.

Gary Harwood

Gary Harwood


Westerman Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Lisa Christensen

Lisa Christensen


Westerman Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Accessibility


Excellent access from Rifle Range Road and Pihanga Street plus ample parking

Location


Superb location, around the midpoint of Rifle Range Road, one of the main internal arterial routes from the northern fringe of Taupo to the Lakefront and CBD

Occupancy


DKM Holdings Ltd run a rental car business under the brand name of Budget and sub-lease a portion to Gull NZ Ltd

Prime frontage


Situated on a high profile corner site with dual access