A Learned Investment
94, Titiraupenga Street, Town Centre, Taupo
- Proposed Usage
- Floor Area
- 183.00 m²
- Land Area
- 1124.00 m²
- Property ID
Tenders Close 1pm, Thursday 20 April 2017 at Bayleys Taupo, 44 Roberts Street, Taupo (unless sold prior)
This property consists of a well maintained, but original weatherboard house being used for tertiary education.
The tenants have been in residence for nearly 30 years, and have recently formalised a new lease with a 1 year ROR until December 2018 and giving the owners a net income of $24,700.00
There is a freehold section of 1124m2. with the benefit of an extensive street frontage, and the potential really lies in the future development of the site as it is zoned commercial, but presently generating a good return.