Bunnings Warehouse occupy a substantial site on a prominent corner in the heart of Gisborne, the property has three street frontages onto Peel, Lowe and Kahutai Streets, and is an easily accessible retail trade centre with an extensive catchment area.
The building was completed in 2009, and is an essential piece of Bunnings’ fast growing national network. It is fully leased to Bunnings on a brand new 12 year lease with an initial net income of $664,478 plus GST per annum.
The long term lease with a final expiry in 35 years time (if all rights of renewal are exercised), offers an excellent opportunity to secure a long term investment property with guaranteed rental growth every three years.
Jason SeymourAuckland Office
Mobile: +64 (21) 607-999DDI: +64 (9) 358-9855Email: Jason.Seymour@colliers.com
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John GreenAuckland Office
Mobile: +64 (21) 994-273DDI: +64 (9) 358-9882Email: John.Green@colliers.com
Disclaimer: The contents of this document do not form any part of a contract. Whilst all care has been taken in preparation, no responsibility is accepted for the accuracy of the whole or any part and interested persons are advised to make their own enquiries and satisfy themselves in all respects.
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