•Two tenants offer split risk
•Two street frontages - excellent exposure
•Too easy with above minimum IEP rating
•Returning $51,420pa +GST/OPEX
This property offers an investment opportunity with two tenants, providing a split risk and ensuring steady returns. With two street frontages, it boasts excellent exposure and accessibility. The current landlords inherited the property and have implemented new leases for the tenants, who have been in place for many decades but had come to the end of their previous formal agreements. The property is returning $51,420 per annum + GST/OPEX, making it an attractive investment.
Situated on both Queen Street and Pahau Street, this location provides easy access just off the main street. The property features staff parking and delivery access off Queen Street, while pedestrian access from Pahau Street ensures a good separation between customer interface and logistics. The national brand tenants, Resene and St John, add confidence to the investment, coupled with an above-minimum IEP rating, ensuring structural integrity.
This "too easy" investment allows any future owner to step in, sit back, and enjoy the returns. The combination of reliable tenants, prime location, and excellent exposure makes 101 Pahau Street a smart addition to any investment portfolio.
