A highly visible two-level commercial building in the Waikato town of Te Awamutu is available for purchase.
55 Rickit Road, Te Awamutu, has 1,448sq m of total floor area and the improvements sit on a 1,740sq m freehold site.
The interior comprises a ground floor reception area with a mix of open plan offices and separate meeting and boardrooms. Each floor has separate amenities with lift access to the first floor.
The property includes off-street car parking with the potential for additional parking in one area of the site.
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An elevated seating area and landscaping are located towards the northern boundary.
Te Awamutu is a service town for the surrounding farming communities and is approximately 30km south of Hamilton.
Colliers Hamilton Brokers Alan Pracy and Blair Hutcheson have been exclusively appointed to market the property for sale via deadline private treaty closing at 3pm on Wednesday 9 December, unless sold prior.
Benefiting from a strong street presence, the building was originally designed between 1960 and 1970 and has undergone a number of alterations with the most recent works completed in approximately 2007.
Pracy, Director at Colliers Hamilton, says given the highly functional building is available with vacant possession, the new owner can enact their plans quickly.
"The existing configuration of the property offers flexibility, and it can be utilised for a range of different purposes that will provide owner-occupiers with the chance to secure their own premises and not be bound to future lease agreements," Pracy says.
"There is also scope for multiple tenancies to occupy the premises that would potentially provide an investor with a split-risk income stream.
"The property is now excess to the vendor's requirements, and all offers and expressions of interest are invited."
Te Awamutu, which is part of the Waipa District, is known as the rose town due to the many rose gardens in the centre of town. The area offers scenic walks, rolling farmland, and rural escapes that add to its charm.
The town has a population of approximately 13,950 and data from Infometrics highlights that it has been steadily growing over the past 20 years.
Hutcheson, Associate Director at Colliers Hamilton, says this well-appointed property sits in the heart of Te Awamutu's commercial precinct and is surrounded by all essential amenities.
"Rickit Road comprises a mix of light commercial activity, including warehousing, automotive repairs, offices, and wholesale supplies.
"The road is between State Highway 3 and Hazelmere Crescent, providing convenient access to the town centre, the State Highway network, and the surrounding residential precincts," Hutcheson says.
"There is a Woolworths supermarket and other retail and hospitality offerings in comfortable walking distance.
"This building offers buyers a rare chance to secure a stake in Te Awamutu's commercial property market."
- Supplied by Colliers
