- About this property
Investment in Popular LocationProperty ID TEA22308Step onto the commercial property ladder! Potentially 8% + net yield
The property is currently returning a net income of $90000 + gst + outgoings.
The current three local tenants include a gym,wholesale bakery,lawyer.The large open metal car parking provides potential to expand further and derive more cash flow.
This property would suit investors, developers or owner occupiers looking for additional cash flow stream.
A large generous commercial zoned site of 3123 sqm featuring commercial and office use. High exposure site located in the strong provincial town of Te Awamutu in popular Rickit Road. Close to State Highway 3 and Te Awamutu's business district and amenities.
Development clauses in lease agreements.
Seismic and LIM reports are available.
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