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Yield Buy Above 12%

24 Lawrence Avenue, Te Aroha

Industrial Buildings
dollar

$890,000 Plus GST (if any)

Floor area
3328m2
Land area
2592m2
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Property details

Listing # HCM33232 | Listed on 12 May

• Multi-level office and retail building known as the Administration Building has a total floor area of 3,328sqm (approx.), plus adjoining carpark
• Currently returning $110,373pa plus GST & Outgoings (approx.)
• 100% seismic NBS rating
• Separate title issued
• Long standing tenants with established occupancy
• Handy location close to Te Aroha town centre and its amenities

The property occupies a prominent corner site at Lawrence Ave, Rewi Street, Burgess Street and Lipsey Street in Te Aroha just a short walk from the town centre. Te Aroha is a rural town in the Waikato Region, situated at the foot of Mt Te Aroha.

The Administration Building provides a diversified tenant mix with a combination of government and commercial occupiers. With long standing tenants and vacancy upside, this building offers buyers the chance to cash in on stable income with future growth potential. Contact the SOLE AGENTS today for more information.

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