Landmark Te Awamutu opportunity with superb upside
1930s historic art deco-style building generating $164,122pa + GST from ground floor pub
Versatile floor area of 1,862sqm (approximately) across two levels
1,378sqm (more or less) site across two titles on a corner site of the main road in Te Awamutu's vibrant town centre
This substantial 1,862sqm (approximately) historic art deco-style hotel offers a rare blend of stable income and significant upside for add-value investors.
The ground floor is leased to a single hospitality tenant operating the Peach and Porker Pub and Long Acre Grill, generating a robust $164,122pa + GST and outgoings with fixed rental growth through to 2036. The lease includes the basement and benefits from recent refurbishments, ensuring minimal deferred maintenance and strong tenant appeal.
Upstairs, the former hotel accommodation (35+ rooms) spans 867sqm (approximately) and presents a compelling opportunity for refurbishment.
Located within Te Awamutu's pedestrian-focused Character Precinct, the property enjoys high visibility and foot traffic, surrounded by retail, council offices, and essential services. The zoning supports a wide range of commercial uses, making this is a strategic acquisition for investors seeking both yield and growth.
Tony Chaudhary +64 21 995 121 tony.chaudhary@bayleys.co.nz
