302 Great South Road, Huntly, Waikato

Takeaway deal - low IEP, big potential

• 18% IEP rating
• Established tenant
• Long lease term with right of renewal
• Entry-level redevelopment opportunity
This property offers both current value and future potential. With an 18% IEP rating, earthquake-prone legislation requires upgrades by November 2035. The current owner is selling, offering a buyer the chance to secure a steady holding income while planning future upgrades or redevelopment.
The tenant, "Lucky Takeaways" has been in place since 2018 with a 10-year lease and further rights of renewal, demonstrating the strength of this well-exposed location. The property returns $19,980pa + GST and OPEX, with biannual market rent reviews providing consistent income and growth potential.
Located in Huntly, a strategic investment hub between Auckland and Hamilton, this property is poised for future growth. 302 Great South Road offers an affordable entry point for investors looking to capitalize on one of the country's strongest growth regions.