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.