Bunnings Warehouse occupies a substantial 6,069m² site in a prominent, high profile location in the heart of Feilding, the property is an easily accessible retail trade centre with an extensive catchment area (Manawatu District).
The building underwent significant improvement and upgrade in 2008, 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 $236,202 plus GST per annum.
The long term lease with 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.
Phil NevillPalmerston North Office
Mobile: +64 (21) 396-092DDI: +64 (6) 350-3891Email: phil.nevill@colliers.com
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Jason SeymourAuckland Office
Mobile: +64 (21) 607-999DDI: +64 (9) 358-9855Email: Jason.Seymour@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.
Tremain Commercial Limited, Licensed under the REAA 2008