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News Release

Te Kuiti

Landmark For Sale in Te Kuiti town centre


 

 

Grey Lynn office unit decked out for summer/new-zealand/en-gb/news/864/grey-lynn-office-unit-decked-out-for-summerAucklandGrey Lynn office unit decked out for summer
East Tamaki gem with new five-year lease/new-zealand/en-gb/news/863/east-tamaki-gem-with-new-five-year-leaseAucklandEast Tamaki gem with new five-year lease

​​A rare opportunity to invest in a historic landmark two-storey retail and office property at 123 Rora Street, Te Kuiti, has arisen. Sole agents JLL are offering the property for sale via an expressions of interest campaign closing 18th September 2014.

Andrew Brown, JLL’s Investment Sales Director who is responsible for the sale says “This comprises an opportunity to secure a prominent asset within the heart of the town centre which has plenty of scope for add value through future refurbishment”.

Brown continues, “Some remedial earthquake strengthening work was undertaken in 2013 with helifex ties installed to the external brick to fix to the concrete wall substrate. The building has subsequently been assessed to have a seismic risk grade C.”

Constructed in 1948, and comprising 1,213 sqm of rentable floor area, this freehold, character-rich property is located in the heart of Te Kuiti’s retail strip.  The property benefits from significant frontage onto Rora Street and is surrounded by complimentary retail and commercial services and amenities. There is staff and customer parking at the rear of the property, accessed via Taupiri Street.

The ground floor of the property is leased to NZ Post and incorporates Post Shop, amenities, offices and mail sort areas. Below this, the basement area contains a store room, safe and plant rooms. The first floor is leased to Aotahi Limited a Maori based business education company, and contains intensive partitioning, amenities and a staff cafeteria area.

Te Kuiti is located 80 km south of Hamilton and 200km south of Auckland in the King Country, with Taupo and Rotorua both within a two hour drive time of Te Kuiti.