131 High Street

Entry Level Commercial Opportunity

Offers Over $529,000 (as is where is) plus GST (if any)

Commercial properties don't come to the market that often on High Street, Motueka.
Built in 1936, this iconic two-storey property with street frontage currently has three tenants downstairs, in separate shops to bring in the income, whilst you work out what to do with the unoccupied upstairs area which has long been split into individual rooms. It used to be the local dental surgery upstairs for those locals who care to remember.

There is plenty of scope to turn the upstairs area into modern offices or maybe even look at some accommodation, the choice will be yours.
The upstairs area is accessed from both High Street and from the carpark out the back.

• Commercial leases in place giving instant income.
• Large land size with undercover car parking around the back.
• Easy ROW access to the back of the property.
• The property has not had any earthquake strengthening work completed.
• Property shows good returns with scope to grow.

Disclosure: The property does not meet earthquake standards. Initial seismic assessment report indicates the building is rated at 15% NBS.