Owner Occupier Opportunity - Queenstown International Airport

Sir Henry Wigley Drive, Frankton, Queenstown

Investment For Sale

Tender closing Wednesday 29 May 2019 at 4pm, Colliers International, Top Floor, 10 Athol Street, Queenstown
Land Area: 1,376.00 m2.    Floor Area: 471.00 m2.    

Car Rental Depot Queenstown Airport

Description

The property sits on a prime leasehold site opposite the main Queenstown International Airport terminal buildings. Surrounding uses include rental car companies and car parking. The building comprises a 471m² open span workshop with good high stud height, sealed car parking, and dual access to the road front.

There are 17 years remaining on the current ground lease term (final expiry 30th June 2037), with an existing ground rent of $70,800 + GST. The building itself is currently leased to Hertz (Ace Rentals) until December 2019 returning $203,500 p.a. + GST and OPEX (including Ground Rent).

Vacant possession is available from 30 November 2019.

Features

  • Owner occupier opportunity at Queenstown International Airport
  • Prime location opposite the Airport Terminal
  • Functional building & improvements suitable for car parking and rental cars
  • 17 years remaining on the current lease term (final expiry 30 June 2037)
  • Current annual rent of $203,500 + GST & OPEX (net rental of $132,700 p.a. + GST)
  • Leasehold tenure
  • Available to occupy from 30 November 2019
  • Existing Ground Rent of $70,800 p.a. + GST

Map

Open in a new window

Contact the broker

Share This Property
For further details, contact:
Close

Saved Properties

Remove All
You have no saved properties. Click the 'save' button associated with a property listing to see it displayed here.
Close