• For Sale
  • Retail
Main Street Investment
Main Street Investment
Main Street Investment
Main Street Investment
Main Street Investment
Main Street Investment
Main Street Investment
Main Street Investment
Main Street Investment
Main Street Investment
Main Street Investment
Main Street Investment
Main Street Investment

For Sale

A well maintained mixed use investment containing three tenants with staggered lease expiries.

The building has been extensively refurbished, seismically strengthened and has recently had the roof replaced.



100% occupied with two established ground floor retailers on new leases and a first floor apartment rented on a 6 month revolving term.



Brownson Jewellers have operating in New Plymouth for over 35 years with the business having started in Auckland in 1925. An exceptional tenant testified by their longevity and customer base.
www.brownsonjewellers.com



The Vape Park is a national brand with stores in Palmerston North and Rotorua meeting the growing demand for vape products.
vapepark.co.nz/



Retail 1
Lease Term: 5 years + 1 x 5 years ROR
Commencement: 1 May 2019



Retail 2
Lease Term: 2 years & 2 months + 4 x 2 years ROR
Commencement: 22 July 2019



Residential Tenancy
Term: 6 months
Commencement: 8 November 2019



Operating Expenses:
Rates: $7,030.84 p.a.
Insurance: $3,601.61 p.a
Opex: $10,632.451 p.a
Recoverable Opex: $9,303.39 p.a.



 



Ref #: 215739

Property Details