7-9 Hoffs Place, Porirua, Porirua City

Oustanding passive Porirua investment

Do not miss this passive investment opportunity, these two sites are leased long term to a well-known scaffolding company.

There is a new six year full net lease in place with two further rights of renewal of another six years, so eighteen years in total if both of the ROR'S are exercised.

The net rental is $125,000 per annum, plus gst with the bonus of annual 2% increases combined with a review to market on renewal.

The properties are well located in the Kenepuru industrial area of Porirua, with good access to all the main arterial routes including the Transmission Gully interchange.

- Passive, single tenanted investment in a good location
- Net income of $125,000 pa plus GST
- Brand new six year lease
- Well established national tenant