41 Market Street Te Awamutu, Waipa District

Passive income with development upside. First time on the market in 19 years! This premier commercial property at 41 Market Street, Te Awamutu, offers a rare investment opportunity with established national tenants PGG Wrightson and Caci Clinic. Generating $163,741 p.a. + GST + outgoings from three stable leases. The property also offers an immediate upside for further rental income with the former garden center space available for lease.

Strategically located in Te Awamutu's CBD, a vital Waikato rural hub, the property benefits from a strong economic base. It includes a substantial multi-use 3814sqm (approx) commercial zoned land parcel (two titles), ideal for future retail, service and apartment development.

With dual road access off both Market Street and Mahoe Street, excellent visibility, ample parking, and connectivity to key regional centers. (Hamilton Airport/Expressway: 15-20 mins, Auckland/Tauranga: 90 mins). Walking distance to Te Awamutu's Events/Aquatic Centre, Library, main street and other community facilities, further enhances its appeal.

This is a dependable commercial holding in the heart of a strong Waikato country service town, offering immediate income and substantial future development potential, allowing investors to land bank and enjoy passive income. Seldom do land parcels of this size come to the market in central Te Awamutu CBD.

$2,495,000 + GST (if any)
Act now and call for further information.

https://rwteawamutu.co.nz/TEA31285