This modernised industrial building, strategically designed for two tenancies, features a versatile space that includes a workshop/warehouse space, office areas, a storeroom and 20 on-site car parks. Fully leased to an established local tenant associated with a national brand, this property offers a passive investment opportunity with fixed annual growth built into the lease.
Conveniently located in the heart of Queenstown's trade hub with easy access to Queenstown's key areas. The demand for industrial and commercial space in this area continues to rise, evidenced by strong rental growth and increasing land values.
Investment Highlights:
•Fully leased to an established local tenant with a national brand
•Long term lease which includes fixed annual growth and market reviews every four years
•Positioned on a busy road with high visibility
•Industrial properties in this sought-after location on Glenda Drive are rare and in high demand
•Quality Building: Recently refurbished low maintenance building
•Land Area: 1,410sqm (more or less)
For sale by Auction to be held Tuesday, 10 December 2024 at 11 am (unless sold prior) at Colliers, Top Floor, 10 Athol Street, Queenstown.
Take advantage of this prime investment opportunity in a rapidly growing area, ensuring both immediate returns and long-term value.
For more information, site inspection or dataroom access please contact the agents Steve McIsaac or Barry Robertson.
