Attractive Multi-Tenanted Investment


18-24 Goldfinch Street, Ohakune

Asking Price NZD $1,350,000 + GST (if any)

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Attractive Multi-Tenanted Investment | 18-24 Goldfinch Street, Ohakune | 3050328 |      X Close
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Description

Attractive Multi-Tenanted Investment


* Prime location in the heart of Ohakune adjacent to New World Supermarket

* Fully tenanted retail complex generating $123,903.00 pa

* Ground floor retail with twelve tenancies

* 48 on-site carparks

* Modern solid timber Lockwood construction built to last and well maintained

* IEP rating of 74%

* Vacant separate titled corner section on site ripe for development

* Sale Price $1,350,000.00 - Return 9%

This property offers an investor a unique opportunity to purchase a well established retail complex in the heart of Ohakune. Newly signed leases with Bayleys Ruapehu and Chalet Rentals sees this retail complex fully tenanted with risk diversified over twelve tenancies generating $123,903.00 pa.

Superb on site carparking benefits tenants and clients alike. The vacant corner section is prime for development on it's own title. This property is situated in the heart of Ohakune.

Ohakune is a popular base in winter for skiers using the ski fields (particularly Turoa) of nearby Mount Ruapehu and summer caters for both mountain bike riders and for trampers hiking the Tongariro Alpine Crossing.

Property Details:

Land Area 3033sqm (more or less)

Building Area 596sqm (more or less)

Capital Value $1,160,000.00

Tenancy Details:

This property is currently generating a net rental of $123,903.00 pa from 12 tenancies.

Full tenancy details are available upon request.