Bite Size Income Earner
25, Bridge Street, Tokoroa, South Waikato
- Proposed Usage
- Floor Area
- 295.00 m²
- Property ID
Asking price plus GST (if any).
- 445m2 site/295m2 building
- Retail/office plus warehouse/workshop
- Prominent profile CBD site
- Current annual net rental $12,916 + GST
- Affordable income earner
The property comprises a conventional single storey building providing retail/office space fronting onto Bridge Street and warehouse/workshop area accessed from the rear service lane.
The property is currently tenanted by Pouakani Trust who occupy the front retail/office area of the building whilst the rear warehouse/workshop is vacant which provides potential income options in the future. Estimated rental is considered to be in the vicinity of $3,000 + GST per annum.
Situated in the heart of Bridge Street in Tokoroa CBD, this commercial property has excellent exposure and profile on one of the town's busiest streets which enjoys some of the highest pedestrian traffic in the town centre.
The sale provides an opportunity to purchase a bite size investment in a popular position in the Tokoroa CBD. The property must appeal to entry level investors looking for a better than bank rate return and an option to add further value to a commercial building that presents numerous options to lease the rear tenancy.