Commercial Freehold. Above Market Yield, $60k + GST + OPEX p.a. | PBN. Offers Welcome!

Commercial Freehold. Commercial Freehold. Above Market Yield, Long Term Tenants | Price By Negotiation. Offers Welcome!
Price On Application. There is an option to purchase both the business and freehold upon further expression of interest.

The commercial property market is hot off the stove and this freehold will tick all the right boxes!

Spanning a large 3,136 square meters (more or less) in land area, 12-14 State Highway 1, Waiouru is a large low-risk Freehold commercial investment. Long-term tenants operate the popular and busy Oasis Hotel & Bar, a profitable gaming & sports bar with multiple revenue fronts. 

The property defined as the conjointly owned titles 12-14 State Highway 1, Waiouru, boasts an 8-unit accommodation, a Retail space and the Bar, Cafe and Gaming Centre. The building makes up a floor area of 1120 square meters (more or less).

The property is main road facing and includes 2 manager carparks.

A secure tenancy is in place from 3 April 2021 to 02 April 2039 including 2 rights of renewal of 6 years.This generates an annual rental of $60,000 + GST + OPEX.

A great buy for your buck! 

***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and completion of a Confidentiality Agreement. Due to the confidentiality of this business, a stock photo image may be used to represent the property.