Fully Tenanted Queenstown Industrial Investment - 5.25% Yield

152 Glenda Drive, Queenstown

Industrial / Investment / Land/Development Site For Sale

For Sale    Tenanted Investment
Land Area: 3,753.00 m2.    Floor Area: 535.00 m2.    
Sale Price: $4,575,000.

Description

This is an opportunity to acquire a modern industrial building with a large open yard area in the expanding industrial area of Frankton.


This light industrial building was constructed circa 2002 configured to provide high stud workshop with mezzanine, staffroom, amenities and offices plus a three bedroom flat above. The building was extended in 2008 to extend the offices and provide a more functional industrial building. Currently leased to established company Civil Construction making this is a great opportunity for investors and owner/operators alike.


Glenda Drive and the Shotover Park Industrial area provides for a well-established light industrial location catering for a mix of showroom, warehousing, automotive, food processing, various trades and other light industrial uses.

The property has an asking price of $4,575,000 + GST (if any)

Features

  • Good quality light industrial building
  • Total floor area 535m² more or less
  • Large yard area
  • Annual rental of $240,000 + GST & Outgoings
  • Total land area of 3,753m² more or less on one freehold title
  • Fixed rental growth of 2% per annum

Map

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