Colliers are proud to present to the market for sale 94 Oxford Street in Levin, a secure, well-established commercial investment opportunity.
The property is tenanted by well-known local company Swazi Apparel, who have been operating in Levin since 1994, providing investors with immediate and reliable income.
With approximately five years remaining of the lease term, this asset offers strong value and minimal management requirements.
Ideally located on State Highway 1, the property benefits from excellent exposure and accessibility.
The property is available For Sale with Offers Over $3,000,000 (plus GST, if any).
All enquiries and arrangements to undertake inspections to be directed to Alan Pye on 027 518 1909.
(Note: All measurements, specifications and boundary lines are approximate only).
Features:
* Net rental $185,625 per annum (plus GST)
* 10 year lease term from 30 August 2021 with further rights of renewal
* Land area 2,165sqm
* Floor area 2,782sqm
* Freehold title
* Seismic status 71% NBS (IEP report prepared by Silvester Clark Limited, dated 5 December 2013)
