Colliers International and Ray White Whangarei are proud to present to the market 2 and 4 Hiko Road, Kamo, Whangarei.
Sitting on two separate titles and currently returning $210,000 pa net + GST, with a fresh 10 year lease from March 2020, astute investors should enquire.
Leased to Phoenix Metal Recyclers NZ Limited this site is one of six branches. The two titles consists of 8,281 sqm of land with circa 1,500 sqm of buildings.
With the majority of the 5,500 sqm of yard sealed this is a hands free investment for an investor looking for a passive income.
A low site coverage will allow future development, although if renewals are taken you could be collecting rent well into 2040. The lease has a combination of fixed and market rent increases and you will enjoy the comfort of a bank guarantee.
For Sale by Deadline Private Treaty closing 4:00 pm Thursday 5 March 2020.
Call the Joint Sole Agents
Megan McGregor (Ray White) 027 346 4194
Jimmy O'Brien (Colliers) 021 979 001
Ref #: 217115
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