Multi Tenanted Industrial


47-51 Croad Place, Tokoroa

Asking Price NZD $535,000 + GST (if any)

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Multi Tenanted Industrial | 47-51 Croad Place, Tokoroa | 2305251 |      X Close
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Description

Multi Tenanted Industrial


- 1,619m² freehold site / 845m² total floor area

- Two high stud industrial buildings

- Split risk multi tenanted investment

- Includes national tenants Hydraulink and iSite

- 100% NBS (Grade A) Seismic Rating

- Close proximity to State Highway 1 and town centre

- Annual net rental $43,092 + GST

The property comprises of two separate medium sized industrial buildings that share a joint common concrete yard area and access way from Croad Place. The northern building is leased to national tenant, Hydraulink Fluid Connectors Ltd plus has a billboard facing north on SH1 that is leased to iSite Ltd and a small advertising sign rented to Subway, Tokoroa. The southern building comprises four individual units with one currently rented, also by Hyrdaulink and the others to local trades tenants.

Croad Place is in an established industrial precinct positioned adjacent to the northern entrance to Tokoroa Township which has proved to be a popular business location due to its ease of access from the State Highway. Tokoroa is situated on SH1 in the centre of the North Island and is a strategic location for both the farming and forestry sectors.

This property provides an opportunity to purchase an entry level industrial investment with very realistic rental rates that should have potential for future growth. Here is a proven provincial income earner investment that is priced to outperform bank deposit rates in the current market!

47-51 Croad Place, Tokoroa

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