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ID#596923
150 Alexandra Street,
Te Awamutu
Cambridge / Te Awamutu
By Negotiation
220m²
(2,368.06 sq.ft.)
417m²
(4,488.55 sq.ft.)
proudly marketed by
Pauline Love
Ray White Te awamutu
Premium Investment with Development Upside
Seize the opportunity to purchase this solid commercial building in a prime, central town location, with the main town car park conveniently situated at the rear. The current tenant has occupied the premises for over 26 years, presenting a potential for vacant possession or the ability to renegotiate the rent, which is currently below market value. Viewing is essential to appreciate the potential. Existing lease is in place until October 2026. Owner may look at a lease option also.
Rent income Current nett Total $48404.8, New total will be $ 49615.00 + GST (225 per sqm),
Property Features and Condition
This meticulously maintained 1980s building boasts a 220sqm approx footprint and is ready for its new owner. It has recently been refreshed with a pristine exterior paint job and enhanced with newly installed aluminum joinery, offering superior insulation and durability.
The expansive main floor offers a light, bright, and versatile layout suitable for a diverse range of business ventures. Key features include:
A bright, airy atmosphere with abundant natural light.
Suspended ceiling and a modern heating cassette for year-round comfort.
Two dedicated changing rooms, ideal for retail or consultation services.
An intelligent design incorporating a kitchen/office area and staff amenities.
Two bathrooms and a practical back entrance.
A discreet small storage area.
Sturdy bollard railing at the front provides added security and defines the entrance.
Significant expansion potential.
Beyond its current impressive state, this property offers exciting development opportunities. Detailed plans and a Structural Engineering report are already available for a significant extension and a stylish mezzanine level. This potential expansion could increase the building's footprint by a substantial 150sqm, unlocking new growth capacity.
The generous land area of approximately 417sqm offers ample space for future development or dedicated parking, significantly enhancing the property's value and appeal.
Investment Details
By Negotiation
Contact: Call Pauline on 0211554689 for your private viewing.
https://rwteawamutu.co.nz/TEA31265
Location
Agent
Pauline Love
Ray White Te awamutu
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
Pauline is originally from Scotland, enjoyed buying, renovating and selling property in the United Kingdom. Married with two children and LOVES New Zealand. Moved from Scotland in 2001, was in the sky moving to New Zealand when the Twin Towers was happening.
In July 2014 moved to the Waikato, living in the friendly town of Te Awamutu. Pauline has always been heavily involved with the community, being a previous Lions member, Business Professional Women (BPW) and Ray White Little Ray of Giving Christmas present drive. She is an active member of Rotary Te Awamutu and helps out with the Urban Miners E Waste collections.
She started as PA to the Principal in Ray White, Te Awamutu then progressed to Sales and predominantly Commercial Sales and Leasing, now branching out to lifestyle and rural. Now armed with eight years experience within the industry.
Pauline Love and Howard Ashmore work together to market Rural and Lifestyle property throughout the region. Howard brings a wealth of experience and rural knowledge. We have high standards and are passionate about your property and together we get the job done.
Pauline is motivated to gain the best price for you. Pauline has an unstoppable work ethic. She has worked hard and obtained a degree in Applied Management.
read moreThis property was photographed by
Troy Constable
Media Specialist
Waikato
ID#596923
150 Alexandra Street,
Te Awamutu
Cambridge / Te Awamutu
By Negotiation
proudly marketed by
Pauline Love
Ray White Te awamutu