• Fully tenanted freehold with three tenancies delivering $95,000pa net (approx.)
• Substantial 727sqm (approx.) building on a 1,300sqm (approx.) site, zoned Industrial Zone A
• Tightly held central Richmond location with immediate income and long-term upside
Opportunities like this rarely surface in central Richmond's most tightly held industrial precinct. 2 Cargill Place offers a substantial 727sqm (approx.) building on a 1,300sqm (approx.) freehold site, zoned Industrial Zone A under the Tasman Resource Management Plan — providing genuine flexibility for a wide range of industrial, storage, warehousing and trade-based uses.
Currently leased across two tenancies returning approximately $90,000 per annum net plus a third month-to-month tenancy, the property delivers secure holding income from day one. It suits a passive investor after a hands-off return, a syndicator, or a buyer wanting to secure a foothold in the precinct now and occupy space themselves down the track as leases roll over — offsetting outgoings with income in the meantime.
Positioned in a well-established industrial hub with excellent access to Richmond's roading network and surrounding amenities. Central, versatile, and freehold — the fundamentals here are hard to beat.
Contact Gill Ireland or Seb Hickman for more information and to arrange a viewing.
