High Profile Industrial Investment

133 Glenda Drive, Frankton, Queenstown

Industrial / Investment / Showroom / Warehouse For Sale

Auction to be held at 11am, Colliers International, Top Floor, 10 Athol Street, Queenstown Wednesday, 11 Sep 2019 (Unless sold prior)
Land Area: 889.00 m2.    Floor Area: 515.00 m2.    

Description

The property comprises a modern industrial building situated on a 889m² parcel of freehold land fronting Glenda Drive, the roadway through the Frankton industrial area. The building was originally constructed in circa 2002 and in 2012 underwent an extensive renovation both internally and externally. The whole property is leased to established business Shotover Camera Systems LP.

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

This is an exceptional passive investment opportunity in Queenstown’s tightly held industrial market.

Features

  • Good quality industrial building that is well presented to Glenda Drive
  • Total Rentable Area of 515m² (more or less)
  • Total Land Area of 889m² (more or less) on one Freehold Title
  • Annual contract rental of $131,550p.a. + OPEX + GST
  • Fully leased, established business
  • 4 year lease term remaining from 1 July 2019, plus 4 year Right of Renewal
  • Roadfront location in the heart of Frankton’s expanding industrial area
  • Affordable price range in the context of Queenstown

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