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Astute investors will want to take note, as this low-maintenance passive investment opportunity ticks all the boxes!
Constructed in 2020, this purpose-built office development accommodates the Ministry of Social Development (MSD) and Oranga Tamariki (OT) in two separate but adjoining buildings.
- Crown Tenancy returning $482,744 approx. per annum plus GST & Outgoings
- Leaser term of nine years from July 2020, with three further rights of renewal of three years each
- Professional commercial space plus undercover and open carparking
- A-grade seismic rating
- Extensive council owned and maintained car park situated opposite
- Full Information Memorandum available
Situated on a high-profile site on Sloane Street in Te Awamutu, this property is on one of Te Awamutu's busiest route south. The property with good access from Sloane Street also has a secure carpark area. Neighbours include Countdown, KFC, Burgerfuel, Pita Pit, Rosetown Print, McDonalds, Merchants Liquor and St John's to mention a few.