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Listing Number: ML7293

A Rare Investment opportunity in the heart of Morrinsville

43 Moorhouse Street

Deadline Treaty 28 May 2021 Unless Sold Prior


This is an opportunity to secure a tenanted investment property in the thriving retail hub of Morrinsville.
The current tenants, Mitre 10 and Aroha health centre. With a rental return of $108,112 plus GST per annum. All outgoings paid by the tenant; this is an excellent passive investment!
Morrinsville is a hive of activity with Agri service businesses, amenities, schools and Countdown supermarket. The Morrinsville residential area has grown exponentially in the last few years and continues to grow, with a mix of medium to high priced housing and a growing Agri business centre with some of the country's leading Agri businesses based there which will continue to bring business to the area.
Viewing by appointment
Key Features:
- Tenanted investment by the popular Mitre 10 and Aroha health centre
- Rental return of $108,112 net p.a. plus GST
- All outgoings paid by tenant.
- Close to all amenities
- Easy access with lots of parking
- Public transport nearby
- A thriving community with plenty of growth potential
For more information and an appointment to view this property, please contact Gary Stokes at Kevin Deane Harcourts today.



Approx Floor Area1222 sqm
Land Size2017 sqm
Property TypeRetail
Approx Floor Area
Land area
Property DetailsTenanted Investment
Commercial information
TenureFee Simple
Chattels remainingBlinds, Fixed floor coverings, Light fittings, Heat pump, Curtains
TenancyTotal rental if more than 1 tenancy $ (+ GST): 108112
Tenancy 1Area Sqm: 211, Commencement Date: 20 March 2021, Expiry Date: 20 March 2022, Rental net/gross p.a.: 15190 plus GST, Tenant Name: Aroha Midwifery Care, Term (years): 1
Tenancy 2Area Sqm: 1331, Commencement Date: 03 December 2019, Expiry Date: 02 December 2031, Rental net/gross p.a.: 92922.48 plus GST, Review Dates: 03/12/2022, 03/12/2025, 03/12/2028, Rights of Renewal: every 3 years, Tenant Name: Morrinsville Hardware, Term (years): 3