Prime Provincial Investment

355, Rickit Road, Te Awamutu, Waipa

Auction

Proposed Usage
Retail
Floor Area
410.00 m²
Description:
Property ID
1bstzdd

Asking price plus GST (if any).
Auction 11am, Thursday 18 May 2017 at Bayleys, 96 Ulster Street, Hamilton (unless sold prior)
o Established Tenants in Thriving Provincial Town
o Prime Position Profile and Parking
o Sound Returns
Clean and tidy well maintained 410sqm (more or less) building occupied by two well established electrical companies on sound leases returning $56,300pa + GST and OPEX.
This 653sqm (more or less) property is situated on popular Rickit Road in the prime service area of Te Awamutu, within easy reach of Te Awamutu CBD. The property presents a great road frontage profile with excellent car parking and access to the buildings.
The main tenant is Active Electrical Supplies, an electrical wholesaler which occupies a warehouse with wholesale store front and showroom. The other tenant is Contact Electrical who are well known and established electricians with operations in both Hamilton and Te Awamutu.
The property is currently leased to two established tenants; Contact Electrical and Active Electrical Wholesalers, producing a net income of $56,300pa + GST and OPEX. Full lease details available on request.

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Te Awamutu Area