Great Return - Great Price Range

This tidy commercial investment property at 405 Rickit Road, Te Awamutu, has come to the market priced at $650,000. The current tenant has been at the site for over six years and has agreed to a new three-year term showing a healthy return of 5.95% return.

The tenant, Loving Arms, is well established in the premises and fully utilises the building.  Loving Arms is part of ‘Loving Arms Charitable Trust’ a registered charity in New Zealand. Loving Arms supports Waikato families in need.

The property is situated in a Commercial Zone on a street containing mostly industrial tenancies. Future changes to the tenant mix in the street might allow for higher use, fitting the Commercial Zoning. (Oliver Street in Cambridge may be an example of this potential shift). In the meantime most of the businesses are industrial and service businesses. The premises are fitted out as offices, previously developed as training rooms. It suits the current tenant's activity while offering strong value for future commercial or mixed uses. 

Facts: A 260.58 square metre solid-looking building fully fitted out to offices, on a 723 square metre freehold site. Good parking and a fully fenced perimeter complete the investment package.

Please contact John Robinson for further details or to arrange a viewing.