Calling all astute investors searching for an affordable, freehold industrial in the heart of the Wairau Valley – look no further!
26 Porana Road is a functional 730sqm standalone office / warehouse - Currently split into five tenancies but could easily be converted back into one at a later date if required.
This split risk asset, with an “A Grade” seismic rating, would be a welcome addition to any property portfolio where the new owner can enjoy a steady income from four separate rental streams.
This bankable investment is currently returning $95,750 pa net, with further upside to come if you decide to lease the vacant unit.
The short term leases in place makes this an opportunity that should be considered equally by owner occupiers, looking for a foot hold in the tight held Wairau industrial estate.
Located on one of Wairau’s busiest roads, the high profile standalone building sits on a 809sqm freehold title, providing ample car parking and road front exposure.
The current owners have held this property for 40 years and have now decided to sell – Make this a priority to view today!
Call the Sole Agents today for further information.
Jack Tuson 027 448 1148 or Matt Prentice 021 464 904
Ref #: 20887949
- Contact our experts for details on this transaction