Tenanted by "Sports Depot"(over 17 years) this building is ideally located in the heart of Greymouth's Central Business District. This building is nestled at 29 Tainui Street, commanding a prime position in the centre of the town's commercial hub.
The property offers a spacious open retail area. Additionally, it features a dedicated storage and back-office space and is complemented by a kitchenette and toilet facilities.
To ensure safety and compliance, a thorough engineer's report (ELMAC) addressing 'earthquake risk' has been performed. This resulted in necessary strengthening, elevating the building's status to 40% New Building Standard (NBS).
Occupied on a Mawhera leasehold title of 202m² (396441), the building virtually maximizes the entire footprint. The comprehensive floor area of approximately 200m².
The Mawhera Incorporation lease is active, approx 4 years remaining. Subsequently, a new lease for a further 21 years will need renewal by 2028.
This building presents a distinctive purchase opportunity in a burgeoning commercial district. with an excellent tenant in place. This is a unique investment opportunity not to be missed.
