Two Tenants to split the risk


485 Broadway, Stratford

Private Treaty

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Two Tenants to split the risk | 485 Broadway, Stratford | 2600675 |      X Close
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Description

Two Tenants to split the risk


-Mixed buildings of 1,100sqm (more or less) floor area

-Multi-tenanted with net income of $93,000pa

-Freehold 15,650sqm site with registered washdown bay

A great opportunity to secure a hands-off investment property situated on the periphery of Stratford township. It presents a rare offering in today's tightly held industrial marketplace.

With dual tenancies to split the risk, it will appeal to the discerning investor looking for a solid return. Anchored by lease to a nationwide operator with a total net income of $93,000pa and staggered expiries.

A combined floor area of 1,100sqm (more or less) from a range of trade and depot buildings includes three phase power, registered washdown bay, mezzanine/amenities with shower and additional storage. An established industrial location, so close to the township and other strategic logistical routes, coupled with a shortage of competing stock make this an opportunity not to be missed.

Property Details

Land area15,650sqm (more or less)

Floor area1,100sqm (more or less)

ZoningBusiness A

Tenancy Details

Currently returning a net income of $93,000pa + GST. Full tenancy schedule is available on request.

Deadline sale closes 1pm Wednesday 25th of November 2020 (unless sold prior) at the Bayleys Office (15 Courtenay Street, New Plymouth)

485 Broadway, Stratford

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