Do affordable commercial investment opportunities like 150D Kaikorai Valley Road come to the market often. The answer is NO! Our vendor is retiring from his automotive business and has made the call to sale his commercial investment property. 150D Kaikorai Valley Road has a strong net income stream that is giving a yield of 8.13% p.a. on the asking price. The property has a mixture of three tenants, local Otago business Unifone NZ Limited who we would describe as the anchor tenant, a communication company is occupying offices and workshop, along with long (really long) term tenant Furniture Paint & Polish occupying a workshop with amenities.
Property Details:
• Current net income $64,196.41
• Record of Title - Unit Title
• The buildings are NOT earthquake prone and have C Grade rating, Reports available
• Historically these buildings were part of the "Arthur Ellis" manufacturing business which was on this site from 1938
• The buildings were built in stages, 1938, 1963 and 1972
• Unifone NZ Limited occupy 252m2 of offices and workrooms that are well presented with modern interior finishings
• Teltrac Communications Limited occupy 281m2 of office space over two levels and workshop area behind
• Furniture Paint and Polish Limited occupy 267m2 of mainly workshop plus facilities. The workshop has rear access
If this appealing enter level investment is creating interest contact Jim Packer 0274 500 498 to obtain further information and book a time for an inspection.
