The opportunity

Colliers are pleased to present Taradale’s premier retail building, strategically located in the heart of Taradale’s bustling commercial district.

For Sale by Deadline Private Treaty 20th Nov 2024 15:00:00 (Unless sold prior).

Features:

Net return $185,374.50 + OPEX + GST
Land area 844m²
Zoned Suburban Commercial
Situated on Taradale’s main commercial corner
WALT of 4+ Years

For more details or to arrange a viewing, please contact Calum Ironside on +64 27 698 6996 or Ash Hames on +64 21 024 28523 today.

Highlights

Prime Location

This property, designed by Paris Magdalinos Architects and constructed by Mackersey Development in 1993, is of superior quality and has continuously benefited from its prime location, ensuring high vehicle and foot traffic.

This is an exceptional investment opportunity in a high-demand location with a proven track record of tenant satisfaction and long-term tenant commitment.

Key Features

Long-Term Tenants: ANZ, Visage, and Pearson & Hooker Optometrists have occupied the building since it was built. Sotheby’s has recently renewed their lease, with additional income from a 2Degrees Mobile Tower.
Net Rental Income: The property generates an impressive net rental of $185,374.50 with a WALT (Weighted Average Lease Term) of 4+ years.
Excellent Seismic Rating: The building boasts a 100% NBS (New Building Standard) rating, making it not only a profitable investment but also a safe one.
Outstanding Condition: The property has been impeccably maintained, ensuring it remains an attractive and resilient asset.

The agents

Calum Ironside

Broker
Hawke's Bay

+64 27 698 6996

Licensed under the REAA 2008

EMAIL

Ash Hames

Broker
Hawke's Bay

+64 21 024 28523

Licensed under the REAA 2008

EMAIL

Location

For Sale

Deadline Private Treaty 20th Nov 2024 15:00:00 (Unless sold prior)

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