Blue Chip Tenants with Add-Value & Upside!

Waipukurau

Floor area: 2,480m2
Land area: 1,429m2
Multi-tenanted
80% NBS rating
Mixed term tenancies
Passing net rental: $100,000 p.a.
Total potential net rental:circa $175,900 p.a.

Arguably Waipukuraus most prominent building has come to market and is available for sale for the first time in seventeen years. The building is located on State Highway 2, the main arterial route running North and South of Waipukurau on Ruataniwha Street. Sporting a corner profile the building has a frontage spanning some 46 meters and a seismic rating of 80% NBS, which aside from the tenant covenant, is what makes this building so attractive.

With the building leased to both national and government tenants, it offers great security. Upstairs has been refurbished to accommodate national tenant Crowe Horwath and Colliers International, with government tenant Heartland Services (department of the Ministry of Social Development) on ground floor, along with the remaining 690sqm of vacancy.

The building offers a fantastic add-value opportunity with great upside.



By Negotiation

Legal Description

Fee Simple
Lot: 1, 1 and 2 DP: 7237 and 9227
CT: HBD4/252 and HB162/169
Being more particularly described in the attached Certificate of Title. Free of all charges

Floor Area

2,460 m2

Year Built

1960'S

Jack Elliott

Commercial Sales