Richmond, Matamata-Piako

GBU Realty is proud to offer this unique chance to purchase a significant landholding across four continuous sites in one of New Zealand's fastest growing regions. Situated on Lower Queen Street these freehold properties represent a compelling opportunity for investors seeking to secure a large and diversified asset. 337-339, 341-343 and 349-355 Lower Queen Street Richmond are being offered to the market alongside 132 Collingwood Street, Nelson. These properties can be acquired individually or as a portfolio, offering a unique opportunity ideal for investment funds, property syndicates, family trusts, or forward thinking investors.Key Highlights of the properties-349-355 Lower Queen Street- A contemporary style two storey medical and ancillary building.Modern high quality building designed by Design Base Architects. Completed in 2011.Strong tenant covenants. Excellent onsite car parking with exposure to a high volume of passing traffic. Net annual rental $686,997 per annumTotal net lettable area of (approx.) 2498 m2.Large land area of 3828 m2 across two titles.10 existing leases in place providing strong tenancy diversification.100% occupiedDetailed seismic assessment (July 2024) of 70% NBS. 341-343 Lower Queen Street- Optimal site development.High profile location with good exposure to a high volume of passing vehicle traffic.Excellent on-site car parking.Modern building design completed in 2022.Adjoining large destination medical centre.Long lease terms remaining with a WALE of 7.36 years.Large freehold land area of 2016 m2 across three titles.Net Income $351,675Solid Investment in growth marketTotal net lettable area of 2240m2 (approx.) 337-339 Lower Queen Street- Large strategic development site.High profile location with good exposure to a high volume of passing vehicle traffic.Located alongside strategic medical facilities providing future expansion options.Large freehold land area of 2024 m2 across two titles.4 separate residential dwellings with holding rental income.Solid Investment in growth market. Contact Grant today for detailed information on this exceptional opportunity.