• Crown tenant – Fire and Emergency New Zealand
• Recently renewed lease
• Located within the established Rangiora industrial precinct
• Affordable entry-level industrial investment
This is a compelling opportunity to secure an affordable industrial investment with a fresh lease in place and a strong underlying location. 14C Newnham Street will appeal to investors seeking stable income and long-term security.
The property is leased to Fire and Emergency New Zealand, providing investors with the strength of a crowned backed tenant and secure income. Recently renewed for a further three-year term, the lease returns $54,076.03 net per annum, delivering reliable cashflow with minimal management required.
The property’s prominent street frontage provides ease of access, with the building offering a highly adaptable space, complemented by a generously sized front yard and car parking. The tenant has plans to undertake additional improvements, as outlined in the recent Deed of Variation and Renewal.
Property Files: https://www.propertyfiles.co.nz/5529819
