Provincial cracker of a commercial investment
38-42, Princes Street, Putaruru, South Waikato
- Proposed Usage
- Floor Area
- 1364.00 m²
- Property ID
Asking price plus GST (if any).
Auction at 11am, Thursday 12 April 2018 at Bayleys, 96 Ulster Street, Hamilton (unless sold prior)
- Freehold land of 1,204sqm (more or less)
- Building EQ of 70% and new addition 100%
- Large building of 1,092sqm (more or less)
- Three year lease five further rights
This well tenanted property is a stand out investment in Putaruru's commercial and retail area.
With a bankable EQ rating, the tenant enjoys nearly 54 metres of road frontage to advertise the Hammer Hardware business.
The lease returns a healthy $60,000pa + GTS/OPEX and has five rights of renewal to ensure they command this freehold property. A great investment that you can expect a solid return.