New five year lease!


14 Tukorako Drive, Mount Maunganui

Asking Price NZD $950,000 + GST (if any)

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New five year lease! | 14 Tukorako Drive, Mount Maunganui | 2302853 |      X Close
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New five year lease!


Brand new five year lease to Power Hydraulics 2015 Limited

Commencement 1 February 2018 plus two further renewals of five years

- Annual net rental return: $60,318.80 + GST + Outgoings (net after ground rent)

- Building area: Approx 820m2 - includes warehouse 630m2 and office floor 190m2

- Tenure: Leasehold (20 year lease perpetual lease terms) - land area 1,051m2

This well presented industrial building comprises generous high stud construction, five roller doors, reception, two level office and staff amenities, rear sealed yard and consented wash down bay, is now leased to established business operator Power Hydraulics 2015 Limited, being a 100% locally owned and operated company.

Situated just off busy Hull Road, this location has great profile, is close to the Port plus convenient access to strategic arterial routes. Strong, established industrial precinct with surrounding businesses including Performance Diesels, Form Building Developments, Ash-Air, Power-Smart and Mount Manganui Collision Repairs to name a few.

Priced to sell at a yield reflecting better than current bank returns!

14 Tukorako Drive, Mount Maunganui

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