Positioned for performance in the heart of Paeroa’s main commercial strip, this high-profile State Highway 2 property delivers a compelling blend of visibility, diversified income, and future upside. Spanning two freehold titles across approximately 824sqm, the asset is underpinned by multiple tenancies servicing both local customers and passing trade.
Following substantial improvements, the property is now presented to the market as a well-established, income-generating investment. Currently returning $52,100 + GST per annum, it comprises three distinct income streams:
• Main Street Hospitality Tenancy – Occupying 174sqm, this tenancy is leased to a long-standing Chinese restaurant and is well configured for ongoing hospitality use, with dedicated dining, kitchen, and storage areas.
• Retail Produce Tenancy – A clean and well-presented 183sqm retail environment, currently occupied by an established fruit and vegetable operator. The open-plan layout supports steady customer flow and day-to-day retail functionality.
• Versatile Commercial Space – Positioned parallel to the main street, this recently refreshed 123sqm tenancy offers flexible commercial use. Upgrades include fresh interior paint, general improvements throughout, and a resealed driveway with enhanced parking. While currently vacant, the vendor will guarantee a minimum two-year lease upon settlement, with rights of renewal, providing immediate income certainty.
To the rear, a secure, covered service area provides convenient delivery access to the Belmont Road-facing tenancies—an increasingly valuable feature in central commercial locations. Additional covered space further enhances usability and offers future leasing or development potential.
With dual street frontage, diversified income, and built-in rental security, this property represents a well-balanced addition to any commercial portfolio. Its flexible configuration also allows for future repositioning or redevelopment over time.
Opportunities offering strong holding income, multiple income streams, and genuine upside in a prominent town centre setting are hard to come by—this is one worth securing.
Please note: Detailed financial information will be provided upon completion of a Non‑Disclosure Acknowledgement. (NDA)
