Colliers present this freehold dual tenancy industrial property to the market for sale. One tenancy is leased to a gym with a new 3 year lease and the other tenancy has a month to month lease to a furniture business. The month to month tenancy means owner occupiers can purchase and use half of the building and collect income from the gym tenant. Investors should take note of this opportunity due to the site being currently fully occupied, providing a split risk investment. The passing rental upon settlement will be $70,000 + GST + OPEX.
The building has been recently refurbished, with new painted warehouse floors and walls, new roller door, and new sealed car park area. The roof has been replaced in recent years and the earthquake strengthening has been completed. The buildings consist of clear span warehouse, tidy office space and amenities. The site has 7 on-site car parks.
The property lies on a freehold dual access corner city. The site is located in close proximity to the CBD and has good access.
Call the sole agents to request further information.
For sale by negotiation.
*Boundary lines are indicative only.
Features:
* Land area: 801 sq m
* Building area: approximately 650 sq m
* Two tenancies
* Recently refurbished
* Freehold corner site
* CBD Fringe
