Property Description

117 Heuheu Street & 118 Tuwharetoa Street.

These 2 immaculately presented properties are home to four well established tenants and offer investors a spread of risk, security of cash flow and a track record of rental growth.

Being sold as one lot, they benefit from having 3 street frontages and occupy a prime site adjacent to other medical facilities on the edge of the central business district. 117 Heuheu street has been occupied by Taupo Medical Centre, one of the regions larger medical practices, for over 40 years and Lake Taupo Pharmacy for more than 16 years.

These premises have just been completely refurbished, with no expenses spared to provide state-of-the-art facilities. Adjoining this is a new build at 118 Tuwharetoa that is occupied by the administrative arm of the medical practice, Mathai Dental and Pinnacle Midland Health.

The mix of tenants, location, lease terms and personal guarantees make this the ideal investment for those looking for an easy care long term investment.

- Net annual rental $291,600 with upside

- Easy care investment - Immaculate premises, net leases, personal guarantees

- Prime Location- 3 street frontages and 2 titles with lake view

- Long term tenants - Home to Taupo Medical Centre for over 40 years

- Rental growth - Track record of continued growth