- For Sale
For SaleContact Broker
Tidy and fully leased commercial property investment for those wanting to buy into a commercially expanding suburb.
The showroom / retail oriented property has two strong tenants, with staggered lease expiries providing diversified income.
Tenant: Gem Stylist
Term: 5 years
Commencement Date: June 2019
Gross Rental: $14,688 p.a. plus GST
Tenant: NZ Sparky
Term: 2 years
Commencement Date: October 2019
Gross Rental: $22,000 p.a. plus GST
Net annual Rental: 30,688 p.a. plus GST
Asking price: $400,000
Situated on the prominent north facing, corner site at the entrance to Moturoa. The ex-Fonterra cool store have been earmarked for development, not far from 471 St Aubyn Street, which is sure to add value to the surrounding area. The property was extensively retrofitted and refurbished in 2014.
Rates: $4,009.65 (inc GST)
Insurance: $2,044.22 (inc GST)
Zoning: Residential A
Ref #: 212414