39 Rewi Street, Te Awamutu, Waipa

Prime commercial with essential service tenants

•Currently returning $397,752pa + GST
•Split risk tenanted investment
•Prime retail in central business location with multiple access points
•Uninterrupted trade during level 3 and level 4 COVID restrictions
Advantageous in so many ways, this commercial property in the centre of Te Awamutu has robust tenants in place on solid lease terms. Of the three tenants, FreshChoice is deemed an essential service, The Bottle-O can trade under Covid-19 level 3 restrictions and the soon-to-open Bargain Chemist will also be an essential service provider.
Collective tenancies return $397,752pa + GST net. Ideally located in the heart of the CBD, the well-established property is a significant 4504sqm (approx.) landholding with a 67-79% NBS seismic rating, excellent parking and access, and future development potential.
Mixed use development springs to mind. A commercial asset from numerous perspectives, with reliable tenants providing immediate rental income and a split-risk investment, there is a lot to gain, now and in the future. This is a superb opportunity for a new owner to take over.