PRIME TROPHY INVESTMENT!

125 Ruataniwha Street, Waipukurau

•Floor area: 2520m2 approx.
•Land area: 1429m2
•80%+ NBS rating
•Fully leased with fixed growth
•Total Net rental $321,572.00 + GST pa
•Long-term leases
•Newly redeveloped
•Onsite car parking
•North-East facing for great natural light

A rare opportunity to acquire a blue chip investment with fixed growth has come available on Waipukurau's main retail strip, which is arguably Waipukurau's most prominent building soon to be crowned Findex House.

The freehold property is located in the growth end of Ruataniwha Street, which has high traffic volumes heading North and South of Waipukurau on SH 2.

The top end of Ruataniwha Street is seeing huge progress, solidifying the area as a desired location. Findex House accommodates National, International, Government and NZX listed companies, offering risk diversity for the discerning investor. Recent development with more scheduled, will significantly upgrade the commercial landscape, which aside from the tenant covenant, NBS rating and newly redeveloped building, is what makes this investment so attractive.

Due to a successful flow of leasing activity, there is a pipeline of fit out work currently underway due for completion February 2020, taking Findex House to 100% occupancy. Once complete, Findex House will stand as a long-term passive investment with fixed growth and opportunity to extract additional capital.

* the external image has been photo-edited to reflect the new external glass being installed on first floor.

To be sold by Tender closing 2:00pm, Wednesday 11th December 2019 (not to be sold prior)

Tender - Wed 11th Dec 2:00pm

Legal Description

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

Land Area

1,429 m2

Floor Area

2,480 m2

Year Built

1960-69

Jack Elliott

Commercial Sales