Industrial Investment - New 8 Year Term
An exceptional industrial investment opportunity has arrived on the market " a substantial, high-profile property on a prominent corner site, tenanted (and currently owned) by Brokers United, a thriving and expanding North Island commercial vehicle repair and paint specialist.
This impressive investment includes a brand-new 8-year lease returning net $105,000 + GST, with fixed annual increases of 2% throughout the lease term.
Situated on two freehold titles, the property enjoys a prime position within a busy industrial precinct, offering excellent access to Lake Road " a key arterial route connecting directly in and out of the city.
Industrial investments of this calibre are seldom available.
Contact Mark or Rob today to secure your viewing.
Features:
Total land area: 1,550m²
Floor area: 981m²
New 8-year lease
Fixed annual 2% increases
Wide corner site
Two freehold titles
Substantial building
For Sale by Asking Price of $1,550,000 + GST (if any)
More information: https://www.colliers.co.nz/p-NZL67037180