Outstanding Commercial Investment yields 8.68% nett

highlights

1960s Building approx. 4,500m2 in total area, on 8,200m2 site (in four Freehold Titles) provides yard area and approx. 58 carparks. High stud warehouse approx. 2,700m2 plus lower stud area, Offices and amenities (cafeteria), etc. Leased to Northpower, with renewed lease of four years from 1st January 2016, next Rental Review 2018. Nett Rental approx. $278,000 pa plus GST (with Property Management). Yields 8.68% nett on price $3,250,000 (plus GST, if any). Opportunity for Owner-user Buyer to purchase for future occupation by not granting new lease, servicing 8.68% nett yield in meanwhile, or, attractive yield to Investor.
For full detail and inspection (by appointment only) through the Sole Agent, contact: Matt Clarke on 0274 409 608, or Paul Hastings on 0274 494 852.

contact

Matt Clarke Real Estate Agent

Matt Clarke

(04) 979-5777

0274 409 608

04 472 2056

Paul Hastings Real Estate Agent

Paul Hastings

04 979 8616

0274 494 852

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property information

  • Property Type Industrial
  • Price SOLD
  • Suburb Gracefield
  • Land Size 8200 m2
  • Building Size 4525 m2
  • Listing Number 3465981

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