• Three level building known as the Workshop Building has a total floor area of 2,218sqm (approx.) with associated yard
• Attractive yield buy at 13%!
• Currently returning $120,827pa plus GST & Outgoings (approx.)
• Strong seismic NBS rating
• Stable Tenant base with an average tenure of 21 years
• Anchor Tenant Pringle Beleski and Associates, a high voltage specialist business
The property occupies a prominent corner site at Lawrence Ave, Rewi Street, Burgess Street and Lipsey Street in Te Aroha just a short walk from the town centre.
This three-level industrial style facility incorporates workshop and office space. Featuring a full building height 30 tonne gantry crane and associated chattels. A long standing tenant base provides a strong income stream with additional upside. Great buying here. Contact the SOLE AGENTS for more information.
