URGENT SALE! Taranaki Freehold Land & Buildings |

URGENT SALE! Taranaki Freehold Land & Buildings | $40k + GST + OPEX p.a. | PBN, Offers Welcome.

Spanning a large 2567 square meters (more or less) in land area, 3158 Mountain Road, Midhirst, Stratford 4394 is a large, low risk Freehold commercial investment. Long-term tenants operate the Midhirst Tavern, a profitable gaming & sports bar with multiple revenue fronts. 

The property defined as the conjointly owned titles 3158 Mountain Road, Midhirst, Stratford 4394 , boasts a large 2 level premises with 3 Unit Accommodation, a Food and Beverage Lounge and Gaming Centre. The building makes up a floor area of 470 square meters (more or less) with a vacant land at the rear that can be used for development (subject to Council permissions).

The property is main road facing and the town enjoys a population of 5,000 people.

A secure tenancy is in place from 31 May 2022 to 31 May 2040 including 2 rights of renewal of 6 years.This generates an annual rental of $40,000 + GST + OPEX currently and has a provision in the lease to increase to $50,000 + GST + Outgoings on 31 May 2024.

A great buy for your buck! 

There is an option to purchase both the business and freehold upon further expression of interest.



To find out more visit: linkbusiness.co.nz/EL03852 ­and click the “Enquire Now” button to complete an online confidentiality agreement and we will get in touch.



This is a well priced, low risk investment opportunity!



Get in touch with the 'A-TEAM' today:

RON VAZIRANI - M: 021 294 2978 | E: ron.vazirani@linkbusines.co.nz ­| DDI: 09 555 6036

***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.

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Agency reference #: EL03852