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Gisborne

70 and 72 Gladstone Road, Gisborne, Gisborne

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860sqm Floor area
1,012sqm Land area SQM

Asking Price NZ$1,650,000 + GST

 (if any)

Bank as Anchor Tenant; 8.5% Yield. Easy Investment


High profile location within the highest foot traffic zone of retail shopping in Gisborne


- Net rental $140,037.34 per annum

- Spread risk across two tenants - anchor tenant BNZ Bank

- Land area 1012sqm Freehold title


Calling all investors looking for a great opportunity!

This investment is on the sunny side of the street within the highest foot traffic zone of the Gisborne CBD.

Built in the 1980's there are two retail businesses in place with recently renewed leases.
The BNZ totally refit their 513.54sqm of space in 2011.

Lease documents and seismic assessment will be available on request.

8.5% yield.

Karen MacGillivray

Karen MacGillivray


Mid West Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Fully tenanted


BNZ Bank as anchor tenant

Land area


1012sqm freehold Title

Location


High profile within the highest foot traffic zone of retail shopping in Gisborne