•Grocer anchor tenant renewed lease
•Growing population drives demand
•Multiple income streams, reduced risk
•6.7% return at asking
13 Main Road, Te Kauwhata, offers investors a secure multi-tenanted commercial holding with a solid income stream and upside in a township that continues to expand.
The property produces $69,220pa + GST and outgoings, with additional casual shed rental providing further income. At the asking price of $1,075,000, this equates to a yield of approximately 6.7% — a strong return for an affordable, entry-level freehold investment.
Tenancy is split across four income streams, reducing reliance on any single occupant. Anchor tenant JK Traders, a local grocery store, has renewed their lease, underlining long-term confidence in the site. NZ Post continues to operate from the rear sheds, providing national brand security, while the ATM and casual shed lease add further stability.
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.
Te Kauwhata is experiencing strong residential growth, including the Lakeside development of 1,650 homes. This expansion will continue to support essential services such as groceries, post, and retail.
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.