Colliers presents NPD Whanganui, to the market for sale.
First time on the market! Blue-chip investment opportunities like this are rare.
This property comes with a 15-year lease to NPD, offering a net rental income of $98,000 and annual rent increases.
233 London Street, Whanganui, offers a compelling investment opportunity with a solid foundation for long-term returns. The property boasts a 15-year lease to NPD, a reliable tenant, ensuring consistent income and financial security. With an annual net rental of $98,000 plus GST and outgoings, and fixed annual rental increases, investors can expect steady growth over time.
This freehold property sits on a generous 1,889 sq m site and is located in a high-profile position, benefiting from significant traffic flow, which enhances its attractiveness to future buyers. The strategic location in Whanganui, a city with growing demand for commercial properties, further strengthens its value.
Blue-chip investment opportunities like this are rare, and with its secure lease, prime location, and potential for future growth, 233 London Street is an exceptional choice for discerning investors.
For sale by Deadline Private Treaty closing 4pm Thursday 7 November 2024 (unless sold prior).
*Boundary lines are indicative only.
Features:
* Freehold site 1,889 sq m
* Positioned on State Highway 3
* New fifteen year lease
* Annual rental $98,000 + Outgoings + GST
* NPD operating over 50 years
* Fixed annual rental increases
* High profile
* Prime land holding
