An outstanding opportunity to acquire a multi-tenanted commercial investment currently returning $51,500 + GST per annum (approx.), underpinned by established tenants, strong holding income, and a prominent town centre position.
Occupying two freehold titles across approximately 824sqm in the heart of Paeroa's main commercial strip, this high-profile State Highway 2 property has undergone substantial improvements and is now presented as a well-established, income-generating investment comprising three distinct income streams:
- Retail Produce Tenancy – A clean and well-presented 183sqm retail environment, currently occupied by an established fruit and vegetable operator. The open-plan layout supports steady customer flow and day-to-day retail functionality.
- Main Street Hospitality Tenancy – Occupying 174sqm, this tenancy is leased to a long-standing Chinese restaurant and is well configured for ongoing hospitality use, with dedicated dining, kitchen, and storage areas. (Currently on a month by month lease, to be negotiated by new owner.)
- Versatile Commercial Space – Positioned parallel to the main street, this recently refreshed 123sqm tenancy offers flexible commercial use. Upgrades include fresh interior paint, general improvements throughout, and a resealed driveway with enhanced parking. While currently vacant, the vendor will guarantee a minimum two-year lease upon settlement, with rights of renewal, providing immediate income certainty.
To the rear, a secure, covered service area provides convenient delivery access to the Belmont Road-facing tenancies—an increasingly valuable feature in central commercial locations. Additional covered space further enhances usability and offers future leasing or development potential.
With dual street frontage, diversified income, and built-in rental security, this property represents a well-balanced addition to any commercial portfolio. Its flexible configuration also allows for future repositioning or redevelopment over time.
Opportunities offering strong holding income, multiple income streams, and genuine upside in a prominent town centre setting are hard to come by—this is one worth securing.
Please note: Detailed financial information will be provided upon completion of a Non‑Disclosure Acknowledgement. (NDA)
