60 Vaile Street, Te Awamutu, Waipa
Auction 02 April 2025
1,995m2
643m2
+2
+1
National Brand - Investment Opportunity
• 1,995m2 site in Te Awamutu’s busy commercial centre • 643m2 of retail/commercial premises • Leased to a well-established national brand – JA Russell Ltd • Returning $109,000 per annum on a secure, long-term lease Positioned just metres from State Highway 3, this standout investment offers stability, strong rental returns, and a reputable tenant. With Te Awamutu’s commercial sector continuing to grow, this is a great opportunity to secure a high-performing asset. Call today for further details or to arrange an inspection.
60 Vaile Street, Te Awamutu, Waipa
Web ID
CBC202049
Floor area
643m2
Land area
1,995m2
Auction (unless sold prior)
Wednesday, 02 April 2025, 10.30am
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Purpose built in 2020 for the Ministry of Social Development (MSD) & Oranga Tamariki (OT) is built in separate but adjoining buildings and leased under one tenancy to the Crown. • A Grade seismic rating • 1398m2 office on 1970m2 freehold land area • Undercover & open carparking • Net lease approx. $577,000pa plus GST & Operating expenses • 9 year term from 2020 with rights of renewal This is an opportunity to secure a new building which is well tenanted and situated on Te Awamutu's busiest street, so has high profile & two road frontages. A great opportunity to add this property to your portfolio for long term income & gains Contact agent today
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Made to accommodate various business requirements, this property offers 250 m2 approx of retail, workshop, and office spaces. Easily accessible through a roller door connected directly to the driveway, with a strategic location near the town centre and SH3. With industrial zoning for light manufacturing, this property includes off-street parking, bathroom and kitchenette, and a security alarm system. Lease this space for $40,000 per annum + GST + outgoings. Call us today to arrange a viewing.
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