This is an outstanding multi tenanted investment, ideal for someone looking for a stable return with tenants in varied industry sectors to spread risk. This property also includes an extremely well appointed second floor two- bedroom apartment.
It occupies a large L-shaped site on Manuka Streets in Tauhara, Taupo's primary industrial area and just a 4-minute drive to State Highway 1, North or South. The site includes vacant land that could easily fit an additional 4 units, sending your PA income well past $250,000 when leased.
The area offers excellent access for commercial vehicles and easy parking for clients and suppliers. The industrial area is highly sort after by industrial and commercial tenants alike, due to CBD fringe businesses being pushed out by the Taupo township expansion and the growth of the Napier Taupo and Crown Road commercial parks.
The property has been very well maintained by the current owner and always has tenant's egger to occupy space if and when it comes available.
29 Manuka Street is a large 950m2 single story building for the most part, with a consented two-bedroom apartment to the front. constructed out of concreate block, steel and timber with an iron roof. Sitting on a 1,985m2 Free hold site.
The property has multiple tenants and is split into 7 separate tenancies of various sizes. With a mix of tenants from residential, fitness, storage, manufacturing and trades.
Key aspects of the property:
• Well located in Taupo's primary industrial area.
• Freehold land area of 1,985m2 approx.
• Building floor area of 950m2 approx.
• Currently producing $196,329.00 + GST + OPEX
