OFFICE INVESTMENT - NEW LEASE - APPROX 9% RETURN!

Lot 1, 180 Dukes Road, North Taieri

Industrial / Investment / Office For Sale

For Sale    Tenanted Investment
Land Area: 4,842.00 m2.    Floor Area: 495.00 m2.    
Sale Price: $666,000.00.

Description

Lot 1, 180 Dukes Road houses an office building with an approximate floor area of 495m² and excellent on-site car parking, on a freehold site of 4,842m² (more or less).

The property has recently been leased to Tracmap NZ Limited for an initial term of 6 years, with further rights of renewal thereafter, and has a current rental of $60,000pa plus GST and outgoings.

The property is located within the Silverstream Industrial Park which is located on Dukes Road, and has good vehicle entrance/exit points.

The property is for sale at an asking price of $666,000 plus GST (if any), showing a yield of approximately 9% on asking price. 

The site is offered for sale along with 4 other properties (which can be purchased together or separately). For further information about the other properties please see colliers.co.nz/64996. 

 

Features

  • New 6 year lease to Tracmap NZ Limited
  • Land Area of 4,842m² (more or less)
  • Located in the growing industrial area of North Taieri, Dunedin
  • New internal fit-out

Map

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