Offlined
• Strong national tenant, RD1, now trading as Farm Source - fully owned by Fonterra, New Zealand's largest company
• Net rental of $250,989.40 p.a plus GST
• Initial seismic assessment of 100%
• High profile location with Road frontage on to Spa Road
185 Spa Road presents an outstanding investment opportunity in a high profile location, fronting on to Spa Road, one of the main internal arterial routes between the East Taupo Highway, now SH1 and Taupo CBD.
RD1, now trading as Farm Source, is a Farm Source Hub with 67 stores nationwide providing rural supplies and technical advice to farmers and is fully owned by Fonterra, New Zealand's largest company.
With a strong income stream supported by regular CPI rent reviews every two years, the next due in July this year, this property offers an exceptional opportunity to secure a prime investment which ticks all the boxes - strong national tenant, high profile sought after location and modern well maintained building.
Call us today to discuss this investment opportunity in more detail or to request a copy of the Information Memorandum.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.15 km | 3 | 1 | 100m2 | Year 2024 Month 05 Day 14 | $630,000 | Council approved | |
0.16 km | 3 | 1 | 74m2 | Year 2024 Month 03 Day 23 | $630,000 | Council approved | ||
 | 0.38 km | 2 | 1 | 77m2 | Year 2024 Month 02 Day 01 | $569,000 | Council approved | |
 | 0.20 km | 3 | 120m2 | Year 2023 Month 12 Day 14 | $420,000 | Council approved | ||
0.31 km | 5 | 290m2 | Year 2023 Month 12 Day 14 | $880,000 | Council approved |