• Excellent presentation, very well maintained buildings
• Seismically strengthened to a mix of A-Grade & B-Grade NBS ratings
• Two tenancies with combined annual net rental of $92,110 + GST
• Over 2500sqm of vacant building to occupy, repurpose or re-lease
• Iconic position directly opposite Tokoroa CBD adjacent to State Highway 1
These high profile properties currently owned and occupied by Te Wānanga o Aotearoa have been repurposed for education over the past 20 years and are now deemed surplus to requirements. A vendor leaseback of 595sqm will provide a safe income earner for a new owner and the opportunity now presents to reinvent this very well maintained asset to add value.
Positioned on a total of 1.7634ha, the main building comprising 3,110sqm is beautifully presented, sprawling across the site with separate wings including a quality reception area, offices, classrooms, plus six vacant rooms previously used for accommodation. A large commercial kitchen plus a generous conference space provides a multitude of options for savvy, add- value investors or owner occupiers. Two separate buildings currently used as an office and gym are also included in the sale and the massive parking area at the rear provides quality, flat yard space for potential development.
The site was originally the iconic “Timberlands Hotel” perched directly opposite the Tokoroa CBD. The opportunity now arises for a new owner to take advantage and re-purpose this immaculate property with the upside of a secure leaseback from a reputable tenant. Call the sole agents for a full information pack today!
