Colliers is pleased to present 52 Main Street, Pahiatua for sale. This high-profile investment property occupies a prominent position on Main Street and State Highway 2, providing excellent exposure within the town's primary commercial precinct.
The property is leased to Farm Source, one of New Zealand's most recognised rural service providers, offering investors the security of established covenant strength and a lease returning $86,975 per annum plus GST and outgoings. The current lease commenced on 29 July 2024 for a three-year term and includes a further right of renewal.
Situated across two freehold titles, the property comprises a substantial 2,039sqm landholding with approximately 635sqm of improvements, providing a well-presented retail and warehouse facility servicing the surrounding rural community.
The site is commercially zoned and benefits from outstanding accessibility and visibility to local traffic and the significant passing vehicle numbers travelling along State Highway 2.
Adding further confidence for purchasers, the building has been assessed at 70% NBS, providing reassurance in a market where seismic performance remains an important investment consideration.
This is an outstanding opportunity to secure a strategically located provincial investment underpinned by a nationally recognised tenant and an established rural catchment.
The property is available for sale with an asking price of $1,350,000 (plus GST, if any).
Contact the Colliers team today for further information or to inspect the property.
(Note: All measurements and specifications are approximate).
Features:
- Rental income $86,975 per annum plus GST and outgoings
- Floor area 635 sqm
- Land area 2,039 sqm
- Commercial zoning
- Seismic status 70% NBS (ISA report prepared by Kevin O’Connor & Associates Ltd, dated 25 May 2015)
More information: https://www.colliers.co.nz/p-NZL67041333
