GBU is proud to bring this rare and affordable opportunity to the market.
The property is in two separate titles, being 396D & 396E High Street.
Currently 396D has a well maintained warehouse leased to an established tenant and 396E has a usable shed building for storage but which offers the new purchaser the chance to refurbish and lease or redevelop and occupy.
With a net annual rental of $40,600, and the ability to increase this substantially depending on which direction the new purchaser decides to choose.
Leased to Nelmac Limited on an initial 5 year term from 1 October 2020 and Bingo Bins on a month to month basis. This popular location has always been well sought out by Tenants.
396D has a gross building area of 220m2 on land of 830m2 and 396E has a gross building area of 130m2 on land of 913m2.
This is a golden opportunity for any investor wishing to add value or owner / occupier that wants to take advantage of purchasing an affordable property in the tightly held market of Motueka.
Viewings are available by appointment only, so don’t hesitate to call Craig today to schedule an inspection.
