21 Lyon Street Te Awamutu, Waipa District

his is a freehold building, Income ready, as the front shop has been leased. The property is already returning, talk to your accountant or bank and be ready to secure this property.
Located in the main street of Kihikihi outskirts of Te Awamutu. Next door is the bowling green.

Building consists of:-
Front retail space of approx 66 sqm recently leased.
The two-bedroom comfortable home at the rear is also tenanted. Approx 88 sqm accommodation with large open plan lounge and well appointed kitchen great for entertaining guests. Two spacious bedrooms, bathroom with shower and toilet plus its own laundry space.

Extensive upgrades have been completed (documentation can be obtained).
A registered property valuation of $710,000 including GST if any was given November 2024, this documentation can be provided to interested buyers on request.
Rental return
Rental home amount is $500 per week. Lease amount for front retail space is $13,200 + GST, outgoings + GST.

Potential Income
2 bed rent $500 per week = $26,000 per annum
Lease $13.200 + GST = $15,180 per annum
Total $41.180 per annum say 5% yield would be $823,600 or 5.2% yield $791,923 as an example. Asking is $650,000 + GST if any,
For Sale $650,000 + GST if any. Secure your rental income today. Call Pauline Love on 0211554689.