High Yielding Investment


62-68 Austin Street, Onekawa

Asking Price NZD $1,200,000 + GST (if any)

Download Email
High Yielding Investment | 62-68 Austin Street, Onekawa | 2800535 |      X Close
Image
Description

High Yielding Investment


This multi tenanted investment property has all the boxes ticked. With four well established businesses with a range of services offered, providing diversity for the prudent investor. Good current lease terms with a WALT of 2.5 years.

Located on Onekawa Industrial areas main arterial route and on a high profile, very visible corner site, this has to be the premium offering in Onekawa Industrial area right now.

Recently renewed ground lease for another 6 years at current rates. Tenants are paying all outgoings including ground lease, rates and Insurance providing an excellent nett return of circa $117,000.

Recent Engineers report indicating a very high Earthquake rating.

This property is providing excellent cashflow and is also on 2 titles providing even greater flexibility in the purchase.

Gary Wise

Napier

Licensed under the REA Act 2008

Mobile: +64 21 022 66272
Office: +64 6 834 2289
gary.wise@bayleys.co.nz
View profile

Sam MacDonald

Napier

Licensed under the REA Act 2008

Mobile: +64 21 950 320
Office: +64 6 834 2290
sam.macdonald@bayleys.co.nz
View profile

62-68 Austin Street, Onekawa

Open in map

Gary Wise

Napier

Licensed under the REA Act 2008

Mobile: +64 21 022 66272
Office: +64 6 834 2289
gary.wise@bayleys.co.nz
View profile

Sam MacDonald

Napier

Licensed under the REA Act 2008

Mobile: +64 21 950 320
Office: +64 6 834 2290
sam.macdonald@bayleys.co.nz
View profile