WAREHOUSE INVESTMENT | 6.5% YIELD

18 Cargill Place, Richmond, Nelson

Industrial / Investment For Sale

Private Treaty    Tenanted Investment
Land Area: 4,148.00 m2.    Floor Area: 789.00 m2.    

Description

FREESTANDING WAREHOUSE INVESTMENT  | 6.5% RETURN | $90,000 RENTAL

This freestanding warehouse on a substantial block of land is well located and very well leased in the burgeoning town of Richmond, greater Nelson.

The property is tenanted by a well established Greenwaste processing facility, which also leases a 2ha block for processing are adjacent.  Located in the Beach Road industrial precinct, close to TDC recycling centre and convenient for the greater community, this is a tightly held area.

The property is for sale with a price expectation of $1.384mil (plus GST), offering a 6.5% initial yield on a new 6 year term.

Contact Geoff today for more information.

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Features

  • $90,000 net rental
  • New 6 year term with ROR to 2031
  • Easy management, single tenant
  • Richmond industrial zone
  • Long established business

Transaction Details

17 Jun 2019

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