LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING

133 & 135 Main South Road and Part 11 Irmo Street, Dunedin

Industrial / Investment / Office / Warehouse For Sale

For Sale by Deadline Private Treaty closing at 4:00pm 29 Nov 2017 (Unless sold prior)    Tenanted Investment
Land Area: 17,479.00 m2.    Floor Area: 2,997.00 m2.    

133 & 135 Main South Road and Part 11 Irmo Street

Description

The property is located in an excellent position, being situated on the corner of Main South Road and Irmo Street. Main South Road is the main street of Green Island, giving the property the benefit of profile to good levels of passing traffic. Additionally the yard of the property fronts State Highway 1 giving the property added exposure.

The property is leased by Downer EDI Works Limited with separate 20 year leases (from June 2010) for the office and the industrial areas of the property. The current rental for the office area lease is $387,544.68pa plus GST and the current rental for the industrial area lease is $230,167.92pa plus GST. 

The site has a combined total land area of 17,479m² (more or less - subject to subdivision) with frontages to Main South Road, State Highway 1 and Carnforth Street. The property is currently having a subdivision application processed (further information available on request).

Features

  • Split purchase options
  • Office Rental $387,544.68pa plus GST
  • Industrial Rental $230,167.92pa plus GST
  • Total Rental $617,712.60pa plus GST
  • Built in growth
  • Leased to Downer EDI Works Limited
  • Motorway exposure
  • 20 year leases (from June 2010)

Map

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