SECURE INVESTMENT
Investors - here's one that will attract your attention! This extremely well-presented trade retail property has recently been extended to suit the long-standing tenant, adding an extra 166m² to the workshop, and the existing workshop was upgraded and strengthened to 70% of NBS. It sits on a large parcel of land, 1,346m², in popular Fenton Park and comprises a light, modern trade showroom to the front, with pleasant private offices and staffroom and an ample parking area, a generous storage warehouse area and a large high stud workshop with roller door access leading to a generous, secure rear yard, with dual access from White Street and Marguerita Street. This exceptional package is returning a healthy $85,000 + GST net from the international tenant which has signed a new three year lease, with a renewal. There is also a separate car park lease returning $2,340 - giving a total return of $87,340 + GST.
Some other tenancies of note in this busy industrial/retail hub include Farmlands, VTNZ, First Security, TWL and National Glass. Direct access onto SH30A - into the city and out to Tauranga and Whakatane is the final tick in the box.
Call Mark for more information or to view.