TIDY INVESTMENT - NEW LEASE - APPROX 9% RETURN!

Lot 8, 180 Dukes Road, North Taieri

Industrial / Investment / Warehouse For Sale

For Sale    Tenanted Investment
Land Area: 3,383.00 m2.    Floor Area: 590.00 m2.    
Sale Price: $666,000.00.

Description

Lot 8, 180 Dukes Road houses a building of approximately 590m² along with sealed yard and on-site car parking, on a freehold site of 3,383m² (more or less).

The property has recently been leased by Honey Products (NZ) Limited for an initial term of 6 years with 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 property 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

  • 6 year lease to Honey Products (NZ) Limited
  • Land Area of 3,383m² (more or less)
  • Rental of $60,000pa plus GST and outgoings
  • Located in growing industrial area of North Taieri, Dunedin

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