Long term lease to Freedom Furniture

89-99 Molesworth Street, New Plymouth

Investment / Retail For Sale

For Sale by Deadline Private Treaty closing Thursday, 28 Feb 2019     Tenanted Investment
Floor Area: 1,230.00 m2.    

Description

A commercial investment of this calibre does not come to the market often. The tenant covenants, building quality and location create an outstanding proposition for a passive investor looking for a long term hold with low maintenance.

The property is held in two titles with a building on each. The site extends from the north facing corner of Eliot Street and runs east along Molesworth Street/State Highway 44 presenting a frontage of 102 meters.

The property includes a total of 25 car parks which can be accessed from both Molesworth and Eliot Streets – a valuable asset for any business. 

 

Features

  • New 6 year lease
  • Award winning tenant - Freedom Furniture
  • Held in two titles
  • Corner site, north facing
  • Two quality buildings
  • Net Rental of $195,000 plus GST

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