Great investment opportunity for a retail/mixed commercial property, this property has all sorts of appeal. Located on the corner of State Highway 1 and Parekarangaranga Street in Motuoapa and less than one minute from the new Motuoapa Marina sits the very popular Licorice Café and a separate 3-bedroom Cottage.
- Popular SH 1 roadside café
- Land area 1,004m² (more or less)
- Buildings area 310m² (more or less)
- Café 226m² & Cottage 84m²
- Net annual rental $44,559 pa
Colliers Taupo has been exclusively appointed to market 57 State Highway 1 for sale By Deadline Sale, closing 4pm on Thursday 1 October (unless sold prior).
Located on the corner of State Highway 1 and Parekarangaranga Street in Motuoapa and less than one minute from the new Motuoapa Marina sits the Licorice Café and a separate 3 - bedroom Cottage. Passed by thousands of motorists every day the café offers a relaxing stop-off point on the journey north from Turangi or south from Taupo.
Both the café and the cottage are leased to one tenant at a net rental of $44,559 per annum. The current lease term of 3 years expires on 31 August 2022 and there are two 3-year rights of renewal resulting in a final expiry date of 31 August 2028.
To be sold by Deadline Private Treaty (unless sold prior) closing 4pm Thursday 1 October 2020.