Retiring Family Trust cashes out after 20+ years of ownership
Occupied by Plumbing World Limited, A well-known, leading New Zealand trade supply brand, investors will immediately be drawn to the blue-chip tenant covenant on offer.
The property is leased for a renewed term of Eight (8) years from 1 October 2024 with further rights of renewal remaining at annual rental of $191,527p.a + GST
King Street is a well-established trade location surrounded by complimentary businesses and right beside the CBD.
This property is for sale by Deadline Private Treaty, closing 3pm Wednesday 18th September 2024 (unless sold prior).
Investment opportunities on this prime stretch are an absolute rarity. For more information, please contact the exclusive marketing agents
Alan Pracy, Director | Hamilton on +64 21 623 089 or at [email protected]
Justin Oliver, Broker | Hamilton on +64 27 565 4837 or at [email protected]
Features:
* Renewed 8-year lease from 1 October 2024
* Annual rent of $191,527p.a + GST + Outgoings
* Occupied by national tenant Plumbing World
* High profile King Street position
* Easy access to main arterial routes
