Sold
41 Market Street,
Te Awamutu, Waipa District
NZD 2,200,000
Property details
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Agents
Ray White Te Awamutu: Rosetown Realty Limited Licenced (REAA 2008)
223 Alexandra Street, Te Awamutu Waipa District 3800
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Yield 6.5%+ Beat The Bank Deposit Rates
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 Pauline on 0211554689 for further information.
https://rwteawamutu.co.nz/TEA31285
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 Pauline on 0211554689 for further information.
https://rwteawamutu.co.nz/TEA31285
Explore the area
School catchments
- St Patrick's Catholic School (Te Awamutu) Full primary Years 1-8 State integrated 0.50km
- Te Awamutu Primary School Primary Years 1-6 State 0.65km
- Te Awamutu College Secondary Years 9-15 State 0.94km
- Te Wharekura o Nga Purapura o Te Aroha Composite Years 1-15 State 1.0km
- Te Awamutu Intermediate Intermediate Years 7-8 State 1.2km
- Pekapekarau School Primary Years 1-6 State 1.4km
- Waipa Christian School Composite Years 1-15 State integrated 1.4km
- Kihikihi School Full primary Years 1-8 State 4.4km
- Puahue School Primary Years 1-6 State 8.0km
- Pokuru School Primary Years 1-6 State 9.4km
- Paterangi School Full primary Years 1-8 State 9.6km
- Pirongia School Full primary Years 1-8 State 10.9km
- Ohaupo School Full primary Years 1-8 State 11.6km
- Roto-O-Rangi School Primary Years 1-6 State 12.5km
- Kaipaki School Full primary Years 1-8 State 14.5km
- St Peter's School (Cambridge) Secondary Years 7-15 Private 16.0km
- Ngahinapouri School Full primary Years 1-8 State 16.2km
- Cambridge Middle School Composite Years 7-10 State 18.1km
- Cambridge High School Secondary Years 9-15 State 19.4km
- Ōtorohanga College Secondary Years 9-15 State 21.7km
- Mangakōtukutuku College Secondary Years 7-15 State 21.7km
- Berkley Normal Middle School Composite Years 7-10 State 23.0km
- Hillcrest High School Secondary Years 9-15 State 24.0km
- St John's College (Hillcrest) Secondary Years 9-15 State integrated 24.2km
- Sacred Heart Girls' College (Ham) Secondary Years 9-15 State integrated 24.3km
- Hamilton Girls' High School Secondary Years 9-15 State 24.8km
- Hamilton Boys' High School Secondary Years 9-15 State 25.1km
- Fraser High School Secondary Years 9-15 State 26.0km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
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Contact Pauline Love
Contact Pauline Love
Pauline Love
41 Market Street, Te Awamutu 3800
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Pauline Love
41 Market Street, Te Awamutu 3800