This one ticks all the investment fundamentals that both first time and experienced investors appreciate. 120-130 London Street occupies a prime CBD corner site, on London and Anglesea Streets. Neighbours include the new NZ Blood building, the under development Fonterra HQ and the Urban Homes building.
Ricoh have been on site since 2010, occupying the entire ground floor and parking, and recently signed a new long lease including rights of renewal. On the first floor is a large three-bedroom apartment, occupied since 2016 by the same tenant.
Returning a combined circa $171,000pa, this passive freehold investment will sit pride of place in any investor’s portfolio.
Call the sole agents David Palmer or Justin Oliver for an information memorandum.
Features:
* Prime CBD corner site
* Ground floor Leased long term to Ricoh
* 13 onsite car parks plus garaging
* Plus first floor apartment
* Returning circa $171,000pa
