For sale as one are three titles at 26, 40 & 42 Matai Street in the heart of Taupo's Tauhara industrial area. The properties total c.8,354sqm in land area and contain c.1,274sqm of total floor area in buildings located on 40 & 42 Matai Street. 26 Matai Street is a vacant site. All of the land and buildings are leased to three tenants:
- Tranzit Group Limited
- Vehicle Testing New Zealand Limited
- Taupo Heavy Diesel Limited
The total net annual rental is $223,700 plus GST and outgoings.
The Tranzit Group is New Zealand's largest family-owned transport and tourism company operating throughout Aotearoa, New Zealand. For almost 100 years, it has held the reputation of being pioneers and innovators in the bus and coach industry.
Vehicle Testing New Zealand Limited (VTNZ) is a company based in Wellington that carries out government-mandated Warrant of Fitness and other inspections of motor vehicles. It is the largest vehicle inspection company in New Zealand.
Taupo Heavy Diesel specialises in the servicing and repair of diesel engines and heavy trailers. The business provides a 24/7 service offering.
For detailed information, call Hugh on 021 901 390 or email hugh.milloy@colliers.com
Key features:
- c.8,354sqm site
- c.1,274sqm workshop | vehicle inspection facilities | offices
- c.$223,700 current net annual rental
- Periodic Market & CPI rent reviews
- Three tenants
- Landbank with substantial cash flow
