485 Broadway, Stratford, Stratford

Two Tenancies to split the risk

-Mixed buildings of 1,100sqm (more or less) floor area
-Fully tenanted paying $95,000pa + GST
-Freehold 15,650sqm site with registered washdown bay

A great opportunity to secure an 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 local trucking operator the property currently has a net return of $95,000pa across the two tenancies.
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.

Deadline sale closes 1pm Thursday 26th of August 2021 (unless sold prior) at the Bayleys Office (15 Courtenay Street, New Plymouth)