• Handy location close to Te Aroha town centre and its amenities
• Currently returning $271,553 pa plus GST & Outgoings (approx.) across three separate buildings
• Plenty of potential upside for a new owner
• Strong seismic NBS rating across the three buildings
• Mix of uses across three buildings, total floor area of 5,433sqm (approx.)
• Three-lot subdivision completed, with individual titles able to be issued upon acceptance of a successful offer, allowing purchasers to tender for the full site or individual lots
• Stable Tenant base with an average tenure of 14 years
• First time this property has been on the market in 20 + years

24 Lawrence Avenue comprises multiple tenancies across three separate buildings. The first title includes the Administration building, a four-level structure providing office and retail space. The second is the Workshop building, a three-level facility accommodating workshop, a full building height 30 tonne crane, and office areas. The third, known as the Lines building, is a single level, garage style premises.

There is a mix of national occupiers including NZ Couriers, Powerco, Pringle Beleski & Associates and telecommunications companies with long standing agreements plus regional operators such as Matamata Piako District Council, The Carpet Doctor and Baptist Union Church.

View the Walkthrough video https://youtu.be/UKLl4Mmikrk