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Multi-tenanted add value investment

294 Thames Street, Morrinsville

Retail Property
dollar

$1,635,000 Plus GST (if any)

Floor area
551m2
Land area
610m2
Title type
Freehold
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Property details

Listing # 2312284 | Listed on 13 April 2022

• Multi tenanted investment splits risk

• Established tenants anchored by renowned chartered accountant

• Refurbished to a high standard

• Potential combined net rental of circa $95,000pa

Situated on the busy main street, 294 Thames Street, Morrinsville comprises three ground floor and two first floor tenancies over a total 610sqm (more or less) floor area. The town is a hive of activity with high vehicle and foot traffic throughout the day and the property is ideally located to capitalize on both.

With rear access and parking from the service lane behind, the well-presented building has been refurbished to a high standard, the heavy investment attracting anchor tenant Diprose Miller. The ground floor also houses the much loved local JJ's Burger Bar and healthy alternative takeaway Fresh Fuel Limited while the first floor is home to rural support business Fuel Rebates Limited.

Morrinsville is experiencing unprecedented growth. With the Lockerbie Estate promising a huge amount of residential homes to the region, and a number of industrial developments underway within the area, the central Waikato town is poised to go.

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