Colliers present to the market for sale this multi-tenanted industrial property at 49-51A South Road in Levin.
The property has an excellent location with high exposure to State Highway 1 and will be situated at the new southern entrance to Levin, due for completion in 2029.
Some of the high-profile national brands in the general area include Plumbing World, Placemakers, ZIP Plumbing Plus and Allied Petroleum.
The property is divided into six tenancies encompassing showrooms, workshops, yards and lockup units and currently returns an estimated annualised net income of $98,626 plus GST.
This site has huge upside potential from a visionary purchaser who could either plan for a future development with prominent location and 2 street frontages or tidy up some of the short-term leases and increase returns.
Call the sole agents today for more information or to arrange an inspection.
(Note. Floor area, land area and boundary lines are indicative only).
Features:
* Land area 2,096sqm (more or less)
* Floor area 925sqm (more or less)
* Industrial zoning
