Colliers are proud to present to the market for the first time a unique opportunity to invest in NZ’s largest home improvement and garden retailer as well as trade merchant. The Mitre 10 co-operative has 84 independent locally owned stores throughout New Zealand of which Pahiatua is included and has been a key member for decades, the business has very recently changed hands to experienced local retailers who commenced trading in October-24 on a new 7 year lease.
The Pahiatua branch of Mitre 10 is located at 67-73 Main Street in the town centre, and features some 1,969m² of single level warehouse style retail premises sitting on approximately 4,263m² of land shared over seven freehold titles. There are eight buildings that make up Mitre 10 store, two of these have NBS ratings of 15% with the remaining being between 50-100% NBS, there are detailed strengthening schemes for the buildings most at risk for the purchaser.
The trade business is accessed off Centre and Sedcole Street’s, the multiple access points and generous sized yard gives customers plenty of room to manoeuvre for convenience. An excellent investment with healthy returns and net income of $128,633 + GST, it is not often you get security of income in a Mitre 10 store located in the heart of busy provincial town. For sale by way of Deadline Private Treaty (unless sold prior), closing 3pm Tuesday, 17 December 2024. Contact Ash or Doug for further information.
Features:
* Net rental $128,633 + GST
* 1969m² total floor area
* 4263m² total land area
* NZ's largest home improvement retailer
* Located in town centre
* New 7 year lease
