Seize the opportunity to purchase this solid commercial building in a prime, central town location, with the main town car park conveniently situated at the rear. The current tenant has occupied the premises for over 26 years, presenting a potential for vacant possession or the ability to renegotiate the rent, which is currently below market value. Viewing is essential to appreciate the potential. Existing lease is in place until October 2026. Owner may look at a lease option also.
Rent income Current nett Total $48404.8, New total will be $ 49615.00 + GST (225 per sqm),
Property Features and Condition
This meticulously maintained 1980s building boasts a 220sqm approx footprint and is ready for its new owner. It has recently been refreshed with a pristine exterior paint job and enhanced with newly installed aluminum joinery, offering superior insulation and durability.
The expansive main floor offers a light, bright, and versatile layout suitable for a diverse range of business ventures. Key features include:
A bright, airy atmosphere with abundant natural light.
Suspended ceiling and a modern heating cassette for year-round comfort.
Two dedicated changing rooms, ideal for retail or consultation services.
An intelligent design incorporating a kitchen/office area and staff amenities.
Two bathrooms and a practical back entrance.
A discreet small storage area.
Sturdy bollard railing at the front provides added security and defines the entrance.
Significant expansion potential.
Beyond its current impressive state, this property offers exciting development opportunities. Detailed plans and a Structural Engineering report are already available for a significant extension and a stylish mezzanine level. This potential expansion could increase the building's footprint by a substantial 150sqm, unlocking new growth capacity.
The generous land area of approximately 417sqm offers ample space for future development or dedicated parking, significantly enhancing the property's value and appeal.
Investment Details
By Negotiation
Contact: Call Pauline on 0211554689 for your private viewing.
https://rwteawamutu.co.nz/TEA31265
