We’re delighted to bring this outstanding industrial investment opportunity to the market. Substantial building on a wide corner site, tenanted (and currently owned) by Brokers United, a successful and expanding North Island commercial vehicle repair and paint shop.
This impressive package will offer the discerning purchaser a new 8-year lease returning $105,000 + GST net with fixed 2% annual increases over the term of the lease.
The property (which is in two titles) is in a great location in a busy industrial enclave offering easy access onto Lake Road, a main arterial into and out of the city.
Industrial investments of this nature rarely come to the market - Call Mark or Rob to view.
Features:
* Total land area: 1,973m²
* Floor area: 981m²
* New 8-year lease
* Fixed annual 2% increases
* Wide corner site
* Two freehold titles
* Substantial building
