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Te Aroha 180 Whitaker Street, Te Aroha

ID CBC229675
By Negotiation

Main Street investment with established income

Positioned in the heart of Te Aroha's vibrant commercial precinct, this substantial freehold land and buildings opportunity offers investors the chance to secure a well-located asset in one of the Waikato's most charming and popular townships. Framed by the stunning backdrop of Te Aroha Mountain and benefiting from excellent exposure on the town's main street, this is an investment that combines visibility, location, and established income.

Occupying a generous 674sqm (more or less) freehold site, the property features an impressive 580sqm (more or less) building, providing substantial commercial floor area in a highly accessible location, with two road frontages and the potential to increase the leasing income or develop further the vacant part of the building. The front tenancy is occupied by the well-known Te Aroha Bakery & Cafe, an established local business operating under a lease commencing March 2024. The current term extends for four years, with two further rights of renewal of three years each, providing security of tenure and continuity of income.

Returning $25,220 per annum plus GST, the existing lease provides an immediate income stream, making this an attractive proposition for investors seeking a commercial asset with established cash flow and future potential.

Property Highlights:
• Freehold title of 674sqm (more or less)
• Substantial 580sqm building (more or less)
• Prominent main street location with excellent exposure
• Established tenant - Te Aroha Bakery & Cafe
• Returning $25,220 per annum plus GST
• Four-year lease commencing March 2024
• Two rights of renewal of three years each
• Popular and growing township location
• Attractive investment with future potential

Secure a strategic main street holding with established income and become part of a thriving provincial community that continues to attract visitors, businesses, and investment alike.
Features
Area | 580.00m2Land | 674 m2Rates | 3,315.67Regional rates | 519.58LV | 320,000RV | 480,000
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Alan Copeman

M  021 874 222  P  

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