Commercial Building to Lease or Buy - Your Choice

All offers will be presented - an ideal opportunity has arisen for an astute investor to either purchase or lease a substantial commercial building within the Temuka town centre with 520m2 (approx) floor area comprising of 2 large show rooms, 3 offices, and multiple storage areas (with two of the offices already currently leased). The size of the building makes the property suitable for a wide range of business ventures and with local tourism increasing, and the NBS being 34% - now is the time to seize the opportunity.

This is an excellent purchase for your business. Use the premises yourself, or you may decide to lease it out to another business, either way it's a very smart buy.

Contact Jill today on 0275 324 961 for further information.

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Main Property Features

Listing Number: TM1216

Land Size:
1118 sqm
Property Type:
Office, Retail
Approx Floor Area
  • Office Square Metres: 520
Property Details:
Vacant, Tenanted Investment
Commercial information
  • Zone: Commercial
Tenure:
Fee Simple
Chattels remaining:
Chattels Included:- * Fixed Floor Coverings * Blinds * Curtains * Drapes * Light Fittings * Heat Pumps
Tenancy:
Additional Details: Building maybe sold or leased. If leased the annual lease is $35,590 plus GST per annum plus 76% of all out goings. Building currently leased to Temuka Post Shop until 31st January 2021. The following rooms are sublet:- * NZ Farmer rent the back office for $345 per month. * Peter Dalziel Law rents the upstairs rooms as storage for $50.00 per week. * NZ Courier also rent a small room at the rear of the building for $30 per month.
Tenancy 1:
Rental net/gross p.a.: $35,590.00 plus gst, Tenant Name: Temuka Post Shop
Tenancy 2:
Rental net/gross p.a.: 4140.00, Tenant Name: NZ Farmers Livestock
Tenancy 3:
Rental net/gross p.a.: 2600.00, Tenant Name: Peter Dalziel Lawer
Tenancy 4:
Rental net/gross p.a.: 360.00, Tenant Name: NZ Courier
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Licensed REAA 2008

Harcourts Temuka

Blackham & Co Real Estate Ltd

Licensed REAA 2008

86 King St
Temuka
Office website or View office details

Property Location