Seize the opportunity to own a freehold commercial property in the centre of Motueka's CBD. Such properties are scarce, making this a prime investment prospect for your consideration.
This property boasts full occupancy with two month-to-month leases in place, offering immediate income. The two retail and office tenancies are each equipped with their own separate break rooms, bathrooms, and extra storage, catering well to meet tenant needs.
See the growth potential in this property as a value-add investment with an opportunity for rental upside, providing investors with the chance to enhance returns over time. Zoned TDC Central Business, this property offers more than just current returns. There's scope for site intensification at the rear, opening doors to further development opportunities.
Seven on-site parking spaces are available at the rear of the property, accessible from Hart Lane. This added amenity enhances the property's appeal for both tenants and future customers.
Identified as an earthquake-prone building with a design PS1 and quotes for remediation to achieve a minimum level of 67% NBS available on request alongside other due diligence documents.
195 High Street presents the rare opportunity to invest in a fully occupied, strategically located freehold commercial property in Motueka CBD. Contact us today for more information or to arrange a viewing.