67 Te Heuheu Street is a highly visible property in Taupo’s CBD. It is located on the popular ‘sunny side’ of Te Heuheu Street, one of Taupo’s busiest streets, directly opposite the public carpark that adjoins the brand-new Taupo District Council HQ building. Tenants also benefit from high passing traffic, good car parking, and a bus stop almost directly outside. Neighbours include government agencies, BP, Harcourts, Pharmacy 81, Tremains, and Caltex.
The property is comprised of a c.919m2 site containing a building with a recorded floor area of c.748m2. The front portion of the building is leased to Awhi Midwives (ground floor) and Taupo Tutoring (first floor). The rear portion, including a mezzanine floor, is leased to Summit Fitness, a long-established Taupo training facility. https://www.summitfitness.co.nz
Awhi Midwives is 5 years into the initial 8-year term of their lease and have a further 3 x 3-year ROR at the expiry of the initial term. Summit Fitness and Taupo Tutoring have just entered brand new leases, each with 3-years initial term and multiple ROR.
The building has a seismic rating of >70% NBS.
For more information on the leases and to obtain the information memorandum for the property please contact us.
Features:
* c.919sqm CBD land
* c.777sqm of lettable floor area
* $136,000pa current net rental
* Leases available upon request
* Final expiry dates from 2034 to 2037
* Access from both Te Heuheu St. and a rear service lane
* Seismic Grade B building: >70% NBS
