•Grocer anchor tenant renewed lease
•Growing population drives demand
•Multiple income streams, reduced risk
13 Main Road, Te Kauwhata, offers investors a secure multi-tenanted commercial holding with a stable income stream and upside in a township that continues to expand.
The front tenancy is occupied by JK Traders, a local grocery and produce operator. They have renewed their lease for a further one-year term, confirming continued use of the main retail space. At the next renewal point, the lease transitions into a ten-year term, providing long-term stability for the asset. NZ Post operates from the rear sheds for mail sorting and delivery. An additional shed is rented on a monthly basis, and an ATM on site provides supplementary income.
The property extends from Main Road through to a secure rear yard, with practical vehicle access for tenants and service deliveries. A traditional timber façade fronts the street, complemented by wide glazing and a verandah that suits the township’s character. With a seismic rating of 60% NBS, the property complies with current requirements.
Ongoing residential development around Te Kauwhata continues to support demand for everyday retail and service activity. With the renewed lease in place and a ten-year term ahead at the next renewal, the property offers a stable multi-tenanted holding with established occupants and a functional, easy-to-manage layout
For investors seeking reliable income, multiple tenants, and a yield in line with current market expectations, this property represents a secure, affordable step into commercial ownership.