Ignore all previous price indications - this main street investment freehold property is surplus to requirement - vendors’ instructions are clear.
Positioned in the heart of Te Aroha’s vibrant commercial precinct, this commercial property offers an outstanding main street position, established income and genuine future potential.
Set on a generous 674sqm freehold site, the property comprises approximately 580sqm of commercial building, with two road frontages and excellent exposure. The prominent Whitaker Street frontage is home to the well-known Te Aroha Bakery & Café, with a current rental income of $25,220 per annum plus GST.
The lease commenced in March 2024 for four years, with two further three-year rights of renewal, a solid foundation for investors. The vacant portion of the building provides options to increase the income stream.
Property Highlights
• 674sqm freehold site
• 580sqm building
• Prime main street position
• Two road frontages
• Established Te Aroha Bakery & Café tenant
• Current income of $25,220 p.a. + GST
• Lease with further renewal options
• Potential to increase rental income
• Strong provincial location
Vendors want action - if you’ve been looking for a commercial investment, now is the time to act. Auction day is approaching, so don’t miss your opportunity to secure this property. Call today for your information pack.
Plus GST (if any)
