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Triple dip offering has three neighbouring corner-site premises placed on the market for sale simultaneously

A pair of stand-alone light industrial premises and an adjoining residential dwelling near the centre of one of the Waikato’s most prosperous towns have been placed on the market for sale.

Combined, the 881-square metres of buildings across the three separate titles sit on a combined freehold flat and regularly shaped land holding of 2,552-square metres near the centre of Matamata. The block is located near the apex of Matamata’s busiest intersection - Broadway, State Highway 24, and Firth Street, State Highway 27.

The block is conveniently located on a corner site – with vehicle access off Short Street, as well as having vehicle access off Comber Street. All three individual titles are similarly sized.

Number 6 Short Street features a comfortable 69-square metre three-bedroom/one bathroom single-storey residential home which has previously been tenanted, but which now requires upgrades to meet the Healthy Homes standards. With plenty of space to upgrade the dwelling either up or out subject to council consents, the residence could also be converted into a substantial family home. In its current format, the property has an extensive back yard area featuring a lawn and garden.

Next door, number 8 Short Street was once the home to Matamata Squash Club – and still has the recreational infrastructure of what were full-sized courts, along with players’ bathroom amenities. After closing as a squash facility, the 340-square metre building sitting on some 852-square metres of land was tenanted by a building company which utilised the squash courts space for high-stud warehousing style storage.

Completing the trio, number 10 Short Street features a 471-square metre L-shaped building sitting on approximately 860-square metres of land. The structure comprises three side-by-side roller-door garages, sitting alongside the main premises consisting of storage space and administrative offices. The site previously housed local construction firm Taylor Bricklaying – sustaining covered and lockable parking for fleet vehicles, yard storage, and administrative offices.

All three landholdings and buildings at 6-10 Short Street in Matamata are now being offered for sale by deadline through Bayleys Ngatea, with offers closing on April 12. Salesperson Josh Smith said the three units could be purchased either as one lot, or in any smaller combination, and were all being offered for sale with vacant possession.

“The possibilities for this trio of properties are endless,“ he said. “With a broad variety of square meterage units and building infrastructure available, the offering could suit an owner-operator looking for new premises, or for an owner-operator investor to take up several of the buildings with a view to occupying one and leasing out the others,” Smith said.

“Of course there also the option of raising all three buildings and starting afresh subject to council approval – either with one large industrial plant or warehousing unit, or a smaller terraced ‘hub’ style development with units up to around the 250-square metre size with space for ample parking out front.

“Both the residential dwelling and the two light industrial units have the benefit that they could deliver holding income while planning consents are lodged. This is an opportunity for a new owner with a long-term vision for creating something very exciting, or alternatively for consolidating what is already in place,” Smith said.

Matamata Piako District Council data notes that Matamata is the second largest town within the territorial authority - with a current population estimated to be approximately 6,821 people, representing 2,966 households, and growing to 7,831 by 2033.

As a rural services township with a population of some 7,806 residents according the 2018 census, Matamata comes under the authority of the Matamata Piako District Council. The town’s businesses derive much of their income from the dairying, equine and cropping sectors of primary industry, along with tourism linked to the Lord of the Rings Hobbiton attraction on the outskirts of town.

Click here for more information on the listing.

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