Bank This Freehold Returning c.$140,000 Net

  • Land Area 3,035m²
  • Floor Area 1070m²
  • Mixed use
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The Opportunity

The property is located on a prominent site in the centre of Ohakune village on the corner of Clyde Street (State Highway 49) & Raetihi Ohakune Road.


For sale by Deadline Sale, closing 4pm Thursday 26th November 2020 (unless sold prior).

Call Hugh Milloy or Lindsay Sandes for further information and to view.


Highlights

feature 1

Land area 3,035m² 

Land area is c.3,035m² containing a c.1,070m² single level building housing
four tenants; Ohakune Tavern Ltd, Tithom Hotels Ltd trading as Snowman
Lodge, Sajwan Magic Chill Ltd (Indian restaurant) and Majha Group Ltd
(bottle store).

In addition, and included in the sale, are three containers in the rear yard leased on a monthly basis as storage facilities. The weighted average lease term of the tenancies is c.13 years.

feature 2

70% NBS RATING

The present NBS% is less than 70%. The vendors have commissioned a consulting engineer’s report detailing the work required to bring the building to an earthquake standard of ≽70% NBS and will arrange for this work to be completed prior to settlement.

Prior to settlement the building will be certified by a consulting engineer at ≽70% NBS with a Seismic Grade B rating.


The Agents

hugh

Hugh Milloy

Broker

Licensed under the REAA 2008

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Lindsay Sandes

Broker

Licensed under the REAA 2008

CALL NOW

Location


Sales Process

For sale by Deadline Sale, closing 4pm Thursday 26th November 2020 (unless sold prior).


Enquire Today