Strategically positioned on State Highway 2 in the heart of Paeroa’s main commercial street, this well-presented property offers a dependable investment across two freehold titles with three established income streams. Sitting on approximately 824sqm of land, this asset blends retail, hospitality, and versatile commercial space—an ideal mix for a strong regional centre with consistent foot and vehicle traffic.
After significant upgrades and reinvestment into the buildings, the owners are now looking to divest and pass this opportunity to its next custodian.
Currently returning $52,100 plus GST p.a., this opportunity is comprised of:
• Main Street Hospitality Tenancy - Benefiting from visibility to SH2 traffic and local patronage, this tenancy is occupied by a long-standing Chinese restaurant operating across 174sqm. The premises include a generous dining area, commercial kitchen, extensive storage, and well-configured service zones—making it a practical, long-term option for hospitality operators.
• Retail Produce Tenancy - A neat, open, and welcoming retail space spanning 183sqm, currently home to an established fruit and vegetable retailer. The layout supports steady customer flow and provides a tidy, modern environment suited to ongoing fresh food or general retail use.
• Versatile Commercial Space – Running parallel to the main street, this recently refreshed tenancy offers 123sqm of flexible commercial space. Recent upgrades include a repaint, improvements throughout the interior, and a fully resealed driveway with upgraded car parking. While currently unleased, the motivated owners are guaranteeing a tenancy upon settlement for at least 2 years with rights of renewal that follow, providing investors with immediate income security.
Additionally, a secure, enclosed rear canopy provides dedicated service access to the Belmont Road tenancies, offering convenient delivery access and valuable operational space—an asset rarely found in central commercial locations. There is also additional covered space in this section which is unallocated and invites imagination.
With diversified income, dual street frontage, and with multiple upgrades recently completed, this property is a good addition to any commercial portfolio. Its flexible configuration supports a range of tenant types, providing long-term adaptability. The property also offers great scope for future long-term redevelopment.
Opportunities with full occupancy, guaranteed income, and further value-add potential in a high-profile town centre are rare—this holding deserves serious consideration.
For further details or to arrange an inspection, enquire today.
Please note: Detailed financial information will be provided upon completion of a Non‑Disclosure Acknowledgement. (NDA)
