Better Than Bank Returns Here!
38-48, Campbell Street, Tokoroa, South Waikato
- Proposed Usage
- Floor Area
- 496.00 m²
- Property ID
Asking price plus GST (if any).
- 2,420m2 site / 495.5m2 building
- Split risk dual tenanted investment
- Profile corner position on busy intersection
- Close proximity to SH1 and town centre
- Annual net rental $18,500 + GST
The upper level of the property comprises a split level building that provides a showroom, office, warehouse and amenities together with sealed and security fenced front yard. This is tenanted by long established local business Tokoroa Drycleaners who relocated to these premises in 2010.
On a separate lower level is a mechanical workshop with mezzanine and office plus a separate garage / carport situated in a rear fenced yard area. This is tenanted by an owner operator trading as Beemac Motors who has occupied the premises for over 20 years.
This is a very affordable entry level light industrial asset that is well located within the Tokoroa town centre being on a busy corner site and in a well-established business precinct. The rental levels are very realistic providing good cash flow with potential for future growth and a return that is bound to be better than current bank rates!