5794 South Road Rahotu, South Taranaki District

This commercial building is prominently positioned in the heart of Rahotu, along State Highway 45 between Opunake and New Plymouth.

It is currently tenanted by Super Mart - the only supermarket of its kind in the locality - catering to the surrounding community as well as commuters travelling to and from Opunake and New Plymouth.

The property sits on a freehold title comprising a total land area of 1,012 sqm (approx) and includes a building footprint of 340 sqm (approx). The floor plan is well designed for operational efficiency, with a spacious main shop area, multiple storage rooms, kitchen area, safe room, multiple sky lights and an elevated office providing a panoramic view of the shop floor.

The tenant returns a net income of $39,900 pa + GST and outgoings, with a current lease term of six years in place along with three rights of renewal of six years each i.e. 14 August 2029, 14 August 2035, 14 August 2041.

Rahotu is a charming community situated in the western part of Taranaki, New Zealand. Conveniently positioned along State Highway 45, it is located just 16 kilometers north of Opunake and 11 kilometers south of Warea.

Buyer Enquiry Over $175,000

For more information or to arrange an inspection contact: Jijo John 027 421 2814, jijo.john@raywhite.com

Features:

• Anchored by supermarket tenant
• Total net annual return: $39,900 + GST + outgoings
• The only supermarket in the area - the community's main shopping destination
• Land area: 1,012 sqm (approx)
• Foot print area : 340 sqm (approx)
• The current lease term is for six years with renewable options

DOWNLOAD FILES: www.rwnewplymouth.co.nz/NWP30933 scroll down to bottom to see list of available documents.
*NOTE: Any technical info provided sourced from RPNZ, Property Guru and Council etc, are broad guides for general information only. We recommend you seek your own independent advice on everything material to your purchasing decision.