Positioned on a generous, commercially zoned freehold site, 7 Taupo Street presents a versatile commercial investment with scale, profile, and multiple pathways for future upside. The property features a substantial 1950s building, complemented by an iron clad warehouse added in 2010. Practical on site parking, a gated yard, and additional standalone office accommodation complete the offering.
Two established tenants currently occupy the property Putaruru Electrical, operating from the main building, and Aon Insurance, situated within the Skyline office located in the gated car park/yard area.
The existing configuration provides a unique and flexible layout, offering the opportunity to introduce one or two additional tenancies if desired. This adaptability enables investors to enhance the income profile over time, with the combined leased and leasable areas supporting a clear pathway to improved returns.
The building has evolved through several refurbishments over its lifetime, resulting in a mix of construction eras and a layout suited to a wide range of commercial uses. This diversity, combined with the scale of the site and its central Putaruru location, makes the property a strategic option for investors seeking both stability and future growth potential.
Property details:
Land area: 2,288sqm (more or less)
Floor area: 1,114sqm (approximately)
Tenancy details:
Current leases generate $44,000 per annum + GST, with vacant space providing an opportunity to increase the annual return.
Full details of the vacant space appraisal are available on request.
