A quality tenanted investment is on offer here, with a strong tenant who has been located here for many years and is keen to stay. This offering will appeal to investors looking for a building in a prime location and scope to increase their passive income.
The building is occupied by Aotea Finance with a current net rental of $116,372.27 + GST per annum with a rent review due on the 1st February 2022. The current lease has a final expiry of 31 January 2028 if all renewals are exercised.
A total freehold parcel of land measuring 736sqm (more or less) with approximately ten carparks at the rear accessed via a rear accessway and six carparks at the front. The building covers two levels with a floor area of 720 sqm (more or less). Solid construction with concrete block walls and steel roof combine to make this a low maintenance investment. C grade earthquake rated building (48% NBS).
Make the move now and secure this quality property in your portfolio. Contact us for further information and viewing.
Mike Hook
027 332 2495
mike.hook@bayleys.co.nz
Janak Darji
021 047 1290
janak.darji@bayleys.co.nz