Positioned in central Gore, the hub of Southland’s agricultural economy, sits this bottom draw investment.
Gore is situated in central Southland as an intersect for a number of State Highway routes accessing the rural regions, the cities of Dunedin and Invercargill, and the popular Central Otago region including the tourism meccas of Queenstown and Wanaka in the Southern Lakes district.
With dual access from River Street and access from Mersey Street, the property has been designed with functionality in mind and is a key reason for the sites popularity.
NPD is now a household name across New Zealand and their expansion and gain of market-share does not look to be slowing. Astute investors will appreciate the strong property fundamentals combined with fixed rental growth and a tenant covenant they can have comfort in.
This is rare opportunity secure a passive investment property on a long lease to a well-known national brand tenant in a proven location.
For sale by Asking Price of $1,360,000 + GST (if any).
*Boundary lines are indicative only.
Features:
* Freehold site 2,219 sq m
* Positioned on a corner site just off Main Street
* New fifteen year lease
* Annual rental $92,000 pa + Outgoings + GST
* NPD operating over 50 years
* Fixed annual rental increases
* Prime investment opportunity
* Prime land holding
