Government Tenants with Development Potential
6, Te Aroha Road, Paeroa, Hauraki
- Proposed Usage
- Floor Area
- 2723.00 m²
- Property ID
Asking price plus GST (if any).
Tender Closes 4pm, Thursday 6th July 2017 at Bayleys, 96 Ulster Street, Hamilton (unless sold prior
- Annual Gross Rental $167,406.95 + GST
- Government Tenants - Waikato District Health Board, Ministry of Social Development
- Development Potential
- Multiple Tenant Opportunities to Lease Vacant Space of 1114sqm (more or less)
Situated on the corner of Te Aroha Road and Rotokahu Road, Paeroa, is this substantial land and building offering. Currently 60% tenanted with government tenants, the property offers the new owner the opportunity to secure tenants for the vacant space, maximising future yields.
The property was purpose built in the mid-80s for government tenants and has been the hub for social services in Paeroa to this day.
With Paeroa experiencing excellent growth and large scale developments, coupled with its prime location in the golden triangle of trade situated mid-way between Auckland, Tauranga and Hamilton, the property is a must for the active add value investor or owner occupier.
The property is 60% leased to an established tenant returning $167,406.95pa gross + GST. Full tenancy details are available on request.