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Gisborne

20 Lowe Street, Gisborne, Gisborne

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107sqm Floor area

Asking Price

16% GROSS RETURN!


A small passive investment for those looking for an investment. Number 20 Lowe Street is part of a two level commercial building constructed in 1981 and one of five strata title units. Located in Lowe Street in the block bounded by Gladstone Rd to the southwest and Reads Quay and the Taruheru River to the northwest.\n\nThe tenant Hairlucination has been the tenant of this building for five years. Ra the owner has been in the industry for nearly 18 years in Gisborne and loves what he does and where his business is situated. A track record is available on request. \n\nAlso included in this sale is the complete salon fit out. \n

Karen MacGillivray

Karen MacGillivray


Mid West Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Fixtures & Chattels


Full shop fit out included in sale

Location


Lowe Street within the inner city precinct

Tenanted Unit


Annual Rent $31,200 plus GST

Term of Lease


Three years with two rights of renewal