Invest or Develop - Six Tenancies Main Road, Tirau

15-17, Main Road, Tirau, South Waikato

Auction

Proposed Usage
Retail
Floor Area
500.00 m²
Description:
Property ID
1bsjvcj

Invest or Develop - Six Tenancies Main Road, Tirau

Asking price plus GST (if any).
Auction 11am, Thursday 13 April 2017, at Bayleys, 96 Ulster Street, Hamilton (unless sold prior).
The six-unit site at 15-17 Main Road, Tirau - a township linking Hamilton, Tauranga and Rotorua - sits on State Highway One. The motorway has a 50 kilometre-per-hour speed limit through Tirau town centre - effectively acting as a 'brake' encouraging motorists to stop at the town's numerous cafes, or craft and antique shops.
The 505 square metre block of shops was situated within the Tirau town centre zone, sitting on some 1058 square metres of rectangular-shaped land with extensive road frontage. The property also includes an 80 square metre two-bedroom flat linked to the takeaway business.
Activities permitted under this classification included retailing, food and beverage operations, offices, education businesses, and healthcare facilities.
The six premises within the block ranged in size from 50 square metres to 225 square metres, and with the flat, generated a combined annual rental income of $60,745 + GST. The property also had parking for six vehicles at the rear of the shops with potentail for more parking to be added .
South Waikato District Council's Operative Plan for Tirau identifies the town's main street as a location for high quality boutique retail properties catering to both passing travelers and the local population - sustaining a country village character rather than a slice of big city.
Full Seismic ratings copies of leases and further information available on request .

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Tirau Area