Fully Leased Central City Investment

Here's an excellent investment opportunity well located within the 4 Avenues which is fully leased to two tenants on long term leases, providing good spread of risk.

An impressive, modernised and strengthened (75% NBS) 2 level building, situated on busy Montreal Street giving extensive profile to thousands of potential customers every day.

Ground floor is leased to a Gym for a long term of 8 years from 2022 with a right of renewal for a further term of 8 years. The first floor is leased to a dance studio for 6 years from 2020 with 2 further rights of renewal of 6 years each. Total combined rental returning $259,360pa + GST + outgoings.

Situated on 844m2 of valuable central city land zoned CCMU (Commercial Central City Mixed Use) providing 2 street frontages and 7 onsite car parks at the rear, accessed from Walker Street.

An ideal Central City investment to add to your portfolio.
(* approx.)

Call Paula Raine 027 221 4997 for further information.

Sale: Refer all Offers