An outstanding opportunity to acquire a high-quality, fully leased commercial investment in one of New Plymouth's most sought after light industrial and trade retail strips.
Occupying a 2,025 sqm freehold site with approximately 1,709 sqm of net lettable area, 100% leased to four quality tenants with a net annual return of $197,164 plus GST, anchored by J.A Russell Limited who recently committed to a new four-year lease.
Benefitting from a seismic rating of 100%NBS and extensive recent capital improvements including a new roof, repaint and sealed car parking.
The property is being sold by Negotiation.
For more information or to arrange an inspection contact:
Benet Carroll
+64 210 289 4537
[email protected]
Please note: all floor areas are approximated only.
Features:
* Returning approximately $197,164 + GST per annum
* Diversified income stream from multiple established occupiers
* Site Area: 2,025 sqm (approx.)
* Weighted Average Lease Term of 3.8 years
* 100%NBS Rating (2013 DSA)
* NLA: 1,709 sqm (approx.)
* Well-established commercial location in New Plymouth
* 15 on-site car parks
