Fixed growth in a prime location
Priced at $525,000 + GST (if any), 8 Bath Street presents an affordable commercial investment in a strong central Levin location.
The property comprises approximately 360sqm of commercial office/retail space on a freehold title, with a three-year lease in place.
Returning $43,140 + GST per annum net, the property shows an attractive 8.22% net return at the asking price. The lease also provides for fixed annual rental increases of 3% (due at the end of October), with a market review on renewal.
Located just metres from Oxford Street, the property has good access and is well positioned to benefit from the continued growth of Levin and the investment going into the region, including the Ōtaki to North of Levin Expressway.
At $525,000, this is a well-located investment providing a strong return with fixed rental growth already built into the lease.
To obtain copies of all supplementary documents please register your details at https://www.propertyfiles.co.nz/8bathstreet
• Freehold commercial investment
• Prominent site in regional growth hotspot
• Recent refurbishment with excellent tenant
• Net income $43,140pa + GST
The property comprises approximately 360sqm of commercial office/retail space on a freehold title, with a three-year lease in place.
Returning $43,140 + GST per annum net, the property shows an attractive 8.22% net return at the asking price. The lease also provides for fixed annual rental increases of 3% (due at the end of October), with a market review on renewal.
Located just metres from Oxford Street, the property has good access and is well positioned to benefit from the continued growth of Levin and the investment going into the region, including the Ōtaki to North of Levin Expressway.
At $525,000, this is a well-located investment providing a strong return with fixed rental growth already built into the lease.
To obtain copies of all supplementary documents please register your details at https://www.propertyfiles.co.nz/8bathstreet
• Freehold commercial investment
• Prominent site in regional growth hotspot
• Recent refurbishment with excellent tenant
• Net income $43,140pa + GST
Key features
Opportunity
Freehold commercial investment
Location
Prominent site in regional growth hotspot
Occupancy
Recent refurbishment with excellent tenant
